Shares of Jerash Holdings (US) Inc (NASDAQ:JRSH) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $10.00 for the company and are predicting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given Jerash Holdings (US) an industry rank of 155 out of 255 based on the ratings given to its competitors.

Separately, Roth Capital started coverage on Jerash Holdings (US) in a report on Monday, February 25th. They set a “buy” rating and a $10.00 price objective for the company.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in shares of Jerash Holdings (US) in the third quarter worth $215,000. Vanguard Group Inc acquired a new position in shares of Jerash Holdings (US) in the third quarter worth $215,000. Royce & Associates LP acquired a new position in shares of Jerash Holdings (US) in the third quarter worth $262,000. Finally, Perritt Capital Management Inc. acquired a new position in shares of Jerash Holdings (US) in the fourth quarter worth $305,000. 2.99% of the stock is owned by institutional investors.

Shares of JRSH stock opened at $7.42 on Friday. Jerash Holdings has a 1 year low of $4.77 and a 1 year high of $11.00.

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.

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