Jerash Holdings (US), Inc. (JRSH) To Go Ex-Dividend on August 17th

Jerash Holdings (US), Inc. (NASDAQ:JRSH) announced a quarterly dividend on Friday, August 7th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.05 per share on Monday, August 24th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, August 17th.

Jerash Holdings (US) has a payout ratio of 42.6% indicating that its dividend is sufficiently covered by earnings.

Jerash Holdings (US) Stock Down 0.6%

JRSH stock opened at $5.00 on Friday. Jerash Holdings has a 1-year low of $2.85 and a 1-year high of $5.47. The business has a fifty day moving average price of $4.37 and a 200-day moving average price of $3.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 1.31. The stock has a market capitalization of $63.50 million, a P/E ratio of 17.86 and a beta of 1.03.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its quarterly earnings results on Monday, June 15th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.13. Jerash Holdings (US) had a return on equity of 5.57% and a net margin of 2.13%.The firm had revenue of $42.90 million for the quarter, compared to the consensus estimate of $36.20 million.

Institutional Trading of Jerash Holdings (US)

Large investors have recently modified their holdings of the company. Susquehanna International Group LLP lifted its position in Jerash Holdings (US) by 70.6% during the third quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock valued at $893,000 after purchasing an additional 111,359 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Jerash Holdings (US) by 50.9% during the first quarter. Renaissance Technologies LLC now owns 272,240 shares of the company’s stock valued at $787,000 after purchasing an additional 91,816 shares during the period. Goldman Sachs Group Inc. increased its position in Jerash Holdings (US) by 166.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 48,083 shares of the company’s stock worth $147,000 after buying an additional 30,055 shares in the last quarter. BlackRock Inc. purchased a new stake in Jerash Holdings (US) in the second quarter worth about $112,000. Finally, NewEdge Advisors LLC bought a new position in shares of Jerash Holdings (US) in the first quarter worth about $48,000. Institutional investors own 3.39% of the company’s stock.

About Jerash Holdings (US)

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.