Jerash Holdings (US) (JRSH) Posts Earnings Results
Jerash Holdings (US) (NASDAQ:JRSH) released its earnings results on Thursday. The company reported $0.56 EPS for the quarter, Morningstar.com reports. The company had revenue of $33.46 million for the quarter. Jerash Holdings (US) had a return on equity of 16.59% and a net margin of 9.21%. Jerash Holdings (US) updated its FY 2018 guidance to EPS.
Shares of NASDAQ JRSH traded down $0.31 during mid-day trading on Friday, reaching $7.92. 69,213 shares of the company’s stock were exchanged, compared to its average volume of 4,947. Jerash Holdings has a 52 week low of $4.77 and a 52 week high of $11.00.
The firm also recently announced a special dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Monday, November 19th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 16th.
An institutional investor recently bought a new position in Jerash Holdings (US) stock. MYDA Advisors LLC bought a new position in shares of Jerash Holdings (US) Inc (NASDAQ:JRSH) during the second quarter, according to its most recent filing with the SEC. The fund bought 20,000 shares of the company’s stock, valued at approximately $148,000. MYDA Advisors LLC owned 0.18% of Jerash Holdings (US) at the end of the most recent reporting period. Institutional investors own 1.11% of the company’s stock.
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Jerash Holdings (US) Company Profile
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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