Jerash Holdings (US) (NASDAQ:JRSH) Stock Price Up 1.1% – Here’s What Happened

Jerash Holdings (US), Inc. (NASDAQ:JRSH) shares rose 1.1% during trading on Friday . The company traded as high as $3.55 and last traded at $3.53. Approximately 35,727 shares were traded during trading, a decline of 67% from the average daily volume of 107,277 shares. The stock had previously closed at $3.49.

Analyst Upgrades and Downgrades

JRSH has been the topic of a number of research analyst reports. DA Davidson reissued a “buy” rating and set a $4.00 price target on shares of Jerash Holdings (US) in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jerash Holdings (US) in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Jerash Holdings (US) presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

Jerash Holdings (US) Price Performance

The business has a fifty day moving average of $3.14 and a 200-day moving average of $3.15. The stock has a market capitalization of $44.83 million, a price-to-earnings ratio of 23.53 and a beta of 1.13.

Jerash Holdings (US) (NASDAQ:JRSH) last released its quarterly earnings results on Monday, February 9th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Jerash Holdings (US) had a return on equity of 2.86% and a net margin of 1.18%.The business had revenue of $41.77 million during the quarter, compared to analyst estimates of $42.30 million.

Jerash Holdings (US) Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were given a dividend of $0.05 per share. The ex-dividend date was Friday, February 13th. This represents a $0.20 dividend on an annualized basis and a yield of 5.7%. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Investors Weigh In On Jerash Holdings (US)

A number of institutional investors have recently bought and sold shares of JRSH. Jane Street Group LLC acquired a new stake in Jerash Holdings (US) during the 2nd quarter worth about $50,000. Dimensional Fund Advisors LP boosted its position in Jerash Holdings (US) by 3.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 90,898 shares of the company’s stock worth $302,000 after acquiring an additional 3,136 shares during the period. Citadel Advisors LLC boosted its position in Jerash Holdings (US) by 35.7% during the 3rd quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock worth $138,000 after acquiring an additional 10,912 shares during the period. Susquehanna International Group LLP boosted its position in Jerash Holdings (US) by 70.6% during the 3rd quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock worth $893,000 after acquiring an additional 111,359 shares during the period. Finally, Geode Capital Management LLC boosted its position in Jerash Holdings (US) by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 63,541 shares of the company’s stock worth $194,000 after acquiring an additional 4,528 shares during the period. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Jerash Holdings (US) Company Profile

Jerash Holdings (NASDAQ:JRSH) is a global designer, manufacturer and marketer of intimate apparel, sportswear and swimwear. Founded in 1994 in the Jerash special economic zone of Jordan, the company has built a vertically integrated production model that spans product design, raw material sourcing, fabric printing, sewing and finishing. By controlling each stage of the manufacturing process, Jerash maintains strict quality standards and achieves competitive lead times for its apparel collections.

Operating state-of-the-art facilities in Jordan with a workforce of more than 10,000 employees, Jerash produces both proprietary brands and private-label merchandise for major retailers.