JFB Construction (NASDAQ:JFB) Trading 0.5% Higher – Here’s Why

JFB Construction Holding (NASDAQ:JFB) shares shot up 0.5% during mid-day trading on Tuesday . The stock traded as high as $3.79 and last traded at $3.74. Approximately 197,048 shares changed hands during trading, a decline of 32% from the average session volume of 288,859 shares. The stock had previously closed at $3.72.

Analysts Set New Price Targets

A number of brokerages recently commented on JFB. Weiss Ratings reiterated a “sell (d)” rating on shares of JFB Construction in a research report on Wednesday, July 8th. Roth Capital started coverage on shares of JFB Construction in a research report on Thursday, July 2nd. They set a “buy” rating and a $9.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.00.

JFB Construction Price Performance

The business’s 50 day simple moving average is $5.04 and its 200-day simple moving average is $5.58. The stock has a market capitalization of $75.66 million, a P/E ratio of -8.50 and a beta of 3.13.

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

Hedge Funds Weigh In On JFB Construction

Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new position in JFB Construction during the fourth quarter worth about $604,000. 683 Capital Management LLC acquired a new position in shares of JFB Construction during the 4th quarter worth about $389,000. Nomura Holdings Inc. bought a new stake in shares of JFB Construction in the 3rd quarter valued at about $258,000. Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 2,168 shares during the period. Finally, Royal Bank of Canada raised its position in shares of JFB Construction by 4,188.8% in the 1st quarter. Royal Bank of Canada now owns 19,600 shares of the company’s stock valued at $120,000 after acquiring an additional 19,143 shares during the period.

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.