Jerash Holdings (US) (NASDAQ:JRSH) Stock Price Up 0.3% – Here’s What Happened

Jerash Holdings (US), Inc. (NASDAQ:JRSH) rose 0.3% during trading on Tuesday . The company traded as high as $3.59 and last traded at $3.56. Approximately 2,751 shares traded hands during trading, a decline of 77% from the average daily volume of 12,177 shares. The stock had previously closed at $3.55.

Jerash Holdings (US) Stock Performance

The company has a market cap of $43.77 million, a PE ratio of -11.48 and a beta of 0.88. The company has a 50 day simple moving average of $3.57 and a two-hundred day simple moving average of $3.31.

Jerash Holdings (US) Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date was Tuesday, February 18th. Jerash Holdings (US)’s payout ratio is presently -64.52%.

Institutional Investors Weigh In On Jerash Holdings (US)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new position in shares of Jerash Holdings (US) during the 4th quarter valued at $78,000. Dimensional Fund Advisors LP raised its holdings in shares of Jerash Holdings (US) by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 62,920 shares of the company’s stock worth $215,000 after acquiring an additional 3,760 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Jerash Holdings (US) by 27.3% during the fourth quarter. Renaissance Technologies LLC now owns 92,240 shares of the company’s stock valued at $315,000 after purchasing an additional 19,800 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

About Jerash Holdings (US)

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sport and outerwear. The company offers t-shirts; jackets and pullover; pants and shorts; crew neck, polo shirts, and tank tops made from knitted fabric, as well as personal protective equipment. It serves various brand-name retailers in the United States, Hong Kong, Jordan, and internationally.