Jerash Holdings (US) (NASDAQ:JRSH) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Jerash Holdings (US), Inc. (NASDAQ:JRSH) 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.

Analyst Upgrades and Downgrades

Several brokerages have commented on JRSH. Weiss Ratings raised shares of Jerash Holdings (US) from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 14th. DA Davidson raised their price objective on Jerash Holdings (US) from $5.00 to $6.00 and gave the company a “buy” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $6.00.

Jerash Holdings (US) Price Performance

The stock has a market cap of $74.74 million, a price-to-earnings ratio of 15.49 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.64 and a current ratio of 3.11. The company has a 50-day simple moving average of $5.82 and a two-hundred day simple moving average of $4.27.

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

Jerash Holdings (US) Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 16th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend 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 52.63%.

Institutional Trading of Jerash Holdings (US)

A number of large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in shares of Jerash Holdings (US) by 50.9% during the 1st quarter. Renaissance Technologies LLC now owns 272,240 shares of the company’s stock worth $787,000 after purchasing an additional 91,816 shares during the last quarter. BlackRock Inc. acquired a new stake in Jerash Holdings (US) in the 2nd quarter valued at about $112,000. NewEdge Advisors LLC lifted its stake in Jerash Holdings (US) by 19.0% in the 2nd quarter. NewEdge Advisors LLC now owns 19,665 shares of the company’s stock valued at $95,000 after purchasing an additional 3,146 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in Jerash Holdings (US) in the 2nd quarter valued at about $95,000. Institutional investors and hedge funds 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.