JFB Construction (NASDAQ:JFB) Downgraded to Sell Rating by Wall Street Zen

JFB Construction (NASDAQ:JFB) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of JFB Construction in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

JFB Construction Stock Down 3.2%

NASDAQ:JFB opened at $14.05 on Friday. JFB Construction has a 1-year low of $3.39 and a 1-year high of $23.00. The firm has a market capitalization of $133.48 million and a price-to-earnings ratio of -37.97. The firm has a 50-day moving average of $16.31.

JFB Construction (NASDAQ:JFB) last posted its earnings results on Friday, November 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $4.98 million for the quarter. JFB Construction had a negative return on equity of 31.22% and a negative net margin of 14.07%.

Insider Activity at JFB Construction

In other JFB Construction news, CFO Ruben Calderon acquired 1,550 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $18.72 per share, for a total transaction of $29,016.00. Following the transaction, the chief financial officer owned 26,550 shares of the company’s stock, valued at $497,016. This trade represents a 6.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Frank Basile III bought 5,900 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were acquired at an average cost of $16.79 per share, with a total value of $99,061.00. Following the completion of the purchase, the chief executive officer owned 430,900 shares in the company, valued at $7,234,811. This represents a 1.39% increase in their position. The SEC filing for this purchase provides additional information.

Institutional Trading of JFB Construction

A hedge fund recently bought a new stake in JFB Construction stock. Nomura Holdings Inc. bought a new position in shares of JFB Construction Holding (NASDAQ:JFB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $258,000. Nomura Holdings Inc. owned about 0.21% of JFB Construction at the end of the most recent quarter.

About JFB Construction

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.