Jewett-Cameron Trading (NASDAQ:JCTC) Trading Up 3.2% – Still a Buy?

Shares of Jewett-Cameron Trading Company Ltd. (NASDAQ:JCTC) shot up 3.2% during mid-day trading on Monday . The stock traded as high as $3.91 and last traded at $3.88. 1,811 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 8,651 shares. The stock had previously closed at $3.76.

Jewett-Cameron Trading Stock Performance

The firm’s 50 day simple moving average is $3.82. The firm has a market capitalization of $13.65 million, a price-to-earnings ratio of -11.09 and a beta of 0.10.

Jewett-Cameron Trading (NASDAQ:JCTC) last released its earnings results on Monday, April 14th. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $9.06 million for the quarter. Jewett-Cameron Trading had a negative return on equity of 5.00% and a negative net margin of 2.66%. During the same period last year, the company posted ($0.15) earnings per share.

Hedge Funds Weigh In On Jewett-Cameron Trading

A number of institutional investors and hedge funds have recently bought and sold shares of JCTC. De Lisle Partners LLP bought a new stake in shares of Jewett-Cameron Trading in the first quarter valued at about $184,000. Guardian Wealth Management Inc. acquired a new stake in shares of Jewett-Cameron Trading in the 1st quarter valued at $42,000. Finally, Parthenon LLC bought a new stake in shares of Jewett-Cameron Trading in the 1st quarter worth about $996,000. Institutional investors own 26.05% of the company’s stock.

Jewett-Cameron Trading Company Profile

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.