JFB Construction (NASDAQ:JFB) Stock Price Down 0.2% – Here’s Why

JFB Construction Holding (NASDAQ:JFB)’s stock price dropped 0.2% during trading on Monday . The company traded as low as $4.60 and last traded at $4.69. Approximately 336,318 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 444,954 shares. The stock had previously closed at $4.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of JFB Construction in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, JFB Construction presently has an average rating of “Sell”.

JFB Construction Stock Performance

The company has a market capitalization of $82.17 million, a PE ratio of -10.66 and a beta of 2.81. The firm’s 50-day simple moving average is $5.45 and its 200 day simple moving average is $5.47.

JFB Construction (NASDAQ:JFB) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter. JFB Construction had a negative net margin of 24.39% and a negative return on equity of 32.35%. The company had revenue of $12.68 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new stake in shares of JFB Construction during the 3rd quarter valued at approximately $258,000. Yorkville Advisors Global LP acquired a new stake in shares of JFB Construction in the 3rd quarter worth approximately $258,000. Geode Capital Management LLC increased its stake in JFB Construction by 21.1% in the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock valued at $182,000 after purchasing an additional 2,168 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of JFB Construction in the fourth quarter valued at $604,000. Finally, 683 Capital Management LLC purchased a new position in shares of JFB Construction in the fourth quarter valued at $389,000.

JFB Construction Company Profile

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.