Jerash Holdings (US) (NASDAQ:JRSH) Raised to “Hold” at Wall Street Zen

Jerash Holdings (US) (NASDAQ:JRSH) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Jerash Holdings (US) Stock Performance

NASDAQ JRSH opened at $3.21 on Friday. The firm’s fifty day moving average price is $3.11 and its two-hundred day moving average price is $3.36. The stock has a market cap of $39.48 million, a PE ratio of -10.35 and a beta of 1.05. Jerash Holdings has a fifty-two week low of $2.68 and a fifty-two week high of $4.17.

Hedge Funds Weigh In On Jerash Holdings (US)

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Jerash Holdings (US) by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,920 shares of the company’s stock valued at $215,000 after buying an additional 3,760 shares during the period. Renaissance Technologies LLC boosted its position in Jerash Holdings (US) by 27.3% during the 4th quarter. Renaissance Technologies LLC now owns 92,240 shares of the company’s stock worth $315,000 after buying an additional 19,800 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Jerash Holdings (US) during the 4th quarter worth approximately $78,000. 3.39% of the stock is currently owned by institutional investors.

About Jerash Holdings (US)

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sport and outerwear. The company offers t-shirts; jackets and pullover; pants and shorts; crew neck, polo shirts, and tank tops made from knitted fabric, as well as personal protective equipment. It serves various brand-name retailers in the United States, Hong Kong, Jordan, and internationally.