Janus International Group, Inc. (NYSE:JBI – Get Free Report) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $4.49 and traded as high as $4.57. Janus International Group shares last traded at $4.5490, with a volume of 3,076,065 shares traded.
Wall Street Analyst Weigh In
JBI has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research report on Monday, September 21st. UBS Group dropped their price target on Janus International Group from $6.00 to $5.60 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $7.30.
Get Our Latest Research Report on JBI
Janus International Group Price Performance
The firm’s fifty day simple moving average is $4.48 and its 200 day simple moving average is $5.38. The firm has a market cap of $631.70 million, a P/E ratio of 19.29 and a beta of 1.43. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.50 and a current ratio of 2.94.
Janus International Group (NYSE:JBI – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $233.50 million during the quarter, compared to analyst estimates of $238.78 million. Janus International Group had a return on equity of 11.27% and a net margin of 3.68%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. As a group, analysts forecast that Janus International Group, Inc. will post 0.53 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP increased its stake in Janus International Group by 982.2% during the second quarter. Allworth Financial LP now owns 4,621 shares of the company’s stock worth $26,000 after acquiring an additional 4,194 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Janus International Group in the 3rd quarter valued at approximately $39,000. Chicago Partners Investment Group LLC purchased a new position in shares of Janus International Group in the 3rd quarter worth approximately $54,000. Integrated Wealth Concepts LLC purchased a new position in shares of Janus International Group in the 2nd quarter worth approximately $62,000. Finally, Vise Technologies Inc. bought a new position in shares of Janus International Group during the 3rd quarter valued at approximately $62,000. 88.78% of the stock is currently owned by institutional investors.
About Janus International Group
Janus International Group, Inc (NYSE:JBI) is a global manufacturer and supplier of building products and technology solutions for the self-storage and commercial construction industries. The company provides systems designed to support the development, renovation, operation and security of storage facilities and other commercial properties.
Its products and services include roll-up doors, hallway systems, relocatable storage units, facility and building components, and access-control solutions.
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