Jerash Holdings (US) (NASDAQ:JRSH) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Jerash Holdings (US), Inc. (NASDAQ:JRSH) shares passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $5.82 and traded as high as $5.99. Jerash Holdings (US) shares last traded at $5.8850, with a volume of 168,808 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. DA Davidson lifted their target price on Jerash Holdings (US) from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Jerash Holdings (US) from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Jerash Holdings (US) has a consensus rating of “Buy” and an average target price of $6.00.

Jerash Holdings (US) Trading Up 1.3%

The company has a market cap of $74.74 million, a P/E ratio of 15.49 and a beta of 1.03. The business has a fifty day moving average price of $5.82 and a 200-day moving average price of $4.27. The company has a quick ratio of 1.64, a current ratio of 3.11 and a debt-to-equity ratio of 0.04.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its earnings results on Monday, August 10th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $50.23 million for the quarter, compared to the consensus estimate of $47.90 million. Jerash Holdings (US) had a return on equity of 7.61% and a net margin of 2.77%.

Jerash Holdings (US) Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 16th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 16th. Jerash Holdings (US)’s dividend payout ratio is currently 52.63%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new stake in shares of Jerash Holdings (US) during the first quarter worth $43,000. Two Sigma Securities LLC bought a new stake in shares of Jerash Holdings (US) in the second quarter valued at about $95,000. BlackRock Inc. bought a new stake in shares of Jerash Holdings (US) in the second quarter valued at about $112,000. Finally, Renaissance Technologies LLC boosted its position in shares of Jerash Holdings (US) by 50.9% in the first quarter. Renaissance Technologies LLC now owns 272,240 shares of the company’s stock valued at $787,000 after acquiring an additional 91,816 shares during the period. Institutional investors own 3.39% of the company’s stock.

About Jerash Holdings (US)

Jerash Holdings (US), Inc is an apparel manufacturer and exporter that produces garments for international customers and branded clothing companies. Its product range includes jackets, shirts, pants, activewear, outerwear and other woven and knit apparel.

The company manufactures its products through operations in Jordan, including facilities located in the Al-Hassan Industrial Estate. Its Jordanian production platform supports cutting, sewing, finishing, packaging and related garment-manufacturing activities, allowing Jerash to supply finished products to customers in global markets.

Jerash Holdings serves apparel brands and retailers primarily in North America and other international markets.