Jerash Holdings (US) (NASDAQ:JRSH) Downgraded by ValuEngine to “Sell”
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.
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)
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Jerash Holdings (US) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jerash Holdings (US) and related companies with MarketBeat.com's FREE daily email newsletter.