Jerash Holdings (US) (NASDAQ:JRSH) Trading 4.5% Higher – Should You Buy?

Jerash Holdings (US), Inc. (NASDAQ:JRSH) shares were up 4.5% on Monday . The stock traded as high as $3.07 and last traded at $3.00. Approximately 18,700 shares traded hands during trading, a decline of 32% from the average daily volume of 27,552 shares. The stock had previously closed at $2.87.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. DA Davidson restated a “buy” rating and issued a $4.00 target price on shares of Jerash Holdings (US) in a report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jerash Holdings (US) in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Jerash Holdings (US) presently has an average rating of “Moderate Buy” and a consensus target price of $4.00.

Jerash Holdings (US) Price Performance

The firm has a market capitalization of $38.10 million, a PE ratio of 20.00 and a beta of 1.04. The firm has a 50-day simple moving average of $3.14 and a 200-day simple moving average of $3.19.

Jerash Holdings (US) (NASDAQ:JRSH) last released its quarterly earnings results on Monday, February 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Jerash Holdings (US) had a return on equity of 2.86% and a net margin of 1.18%.The business had revenue of $41.77 million during the quarter, compared to the consensus estimate of $42.30 million.

Jerash Holdings (US) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 6.7%. The ex-dividend date was Friday, February 13th. Jerash Holdings (US)’s payout ratio is 133.33%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP grew its position in shares of Jerash Holdings (US) by 70.6% during the 3rd quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock valued at $893,000 after acquiring an additional 111,359 shares during the period. Goldman Sachs Group Inc. raised its holdings in Jerash Holdings (US) by 166.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 48,083 shares of the company’s stock worth $147,000 after purchasing an additional 30,055 shares during the period. Renaissance Technologies LLC lifted its position in Jerash Holdings (US) by 18.3% during the fourth quarter. Renaissance Technologies LLC now owns 180,424 shares of the company’s stock valued at $550,000 after purchasing an additional 27,954 shares in the last quarter. Jane Street Group LLC purchased a new position in Jerash Holdings (US) during the fourth quarter valued at $48,000. Finally, Citadel Advisors LLC grew its holdings in Jerash Holdings (US) by 35.7% during the third quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock valued at $138,000 after purchasing an additional 10,912 shares during the period. 3.39% of the stock is currently owned by institutional investors.

Jerash Holdings (US) Company Profile

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.