Jefferies is expected to report Q1 EPS of $0.89 on $1.98 billion in revenue when it releases results on March 25, following a nearly 40% decline in shares year to date.

Sumitomo Mitsui increased its economic stake to 20%, driving a 14% premarket surge in Jefferies shares even though both parties have denied any imminent takeover plans.

The stock trades at a P/E of 12.3 and a P/S of 0.77 with an earnings yield of 8.13%, while the EV/OCF stands at –12.07, and debt-to-equity and current ratios are 2.25 and 2.43, respectively.