ValuEngine cut shares of Jerash Holdings (US) (NASDAQ:JRSH) from a hold rating to a sell rating in a research note published on Thursday morning, ValuEngine reports.

Several other equities analysts have also weighed in on the company. DA Davidson reissued a buy rating on shares of Jerash Holdings (US) in a report on Monday, November 4th. Zacks Investment Research raised Jerash Holdings (US) from a sell rating to a hold rating in a report on Tuesday, January 14th.

Shares of JRSH stock traded down $0.06 during trading on Thursday, hitting $6.87. The company’s stock had a trading volume of 42,703 shares, compared to its average volume of 5,774. The company has a market cap of $77.80 million, a PE ratio of 12.05 and a beta of 1.00. The company has a current ratio of 8.87, a quick ratio of 6.77 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $6.17 and a 200-day moving average of $6.75. Jerash Holdings has a 52 week low of $5.77 and a 52 week high of $8.00.

Jerash Holdings (US) (NASDAQ:JRSH) last released its earnings results on Thursday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Jerash Holdings (US) had a return on equity of 11.56% and a net margin of 7.59%. As a group, research analysts predict that Jerash Holdings will post 0.7 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.20 annualized dividend and a dividend yield of 2.91%. Jerash Holdings (US)’s dividend payout ratio is currently 44.44%.

Several large investors have recently bought and sold shares of JRSH. 1492 Capital Management LLC purchased a new stake in shares of Jerash Holdings (US) during the fourth quarter worth $589,000. Millennium Management LLC purchased a new stake in shares of Jerash Holdings (US) during the third quarter worth $245,000. Finally, Renaissance Technologies LLC lifted its position in shares of Jerash Holdings (US) by 44.9% during the fourth quarter. Renaissance Technologies LLC now owns 21,888 shares of the company’s stock worth $128,000 after acquiring an additional 6,786 shares in the last quarter. Hedge funds and other institutional investors own 4.67% of the company’s stock.

About Jerash Holdings (US)

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. The company offers jackets, polo shirts, crew neck shirts, pants, and shorts made from knitted fabric. It serves various brand-name retailers in the United States, Jordan, and internationally.

Further Reading: Cost of Goods Sold (COGS)

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