Jerash Holdings (US), Inc., through its subsidiaries, manufactures and exports customized and readymade 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, Jordan, and internationally. The company was incorporated in 2016 and is headquartered in Fairfield, New Jersey.
Jerash Holdings (US) Trading Up 0.2 %
JRSH Stock opened at $5.78 on Wednesday. The stock's fifty day simple moving average is $5.55 and its two-hundred day simple moving average is $6.09. Jerash Holdings has a 1-year low of $4.56 and a 1-year high of $9.20. The stock has a market cap of $72.45 million, a P/E ratio of 8.50 and a beta of 0.93.
Jerash Holdings (US) (NASDAQ:JRSH - Get Rating) last posted its quarterly earnings data on Thursday, June 23rd. The company reported ($0.01) earnings per share for the quarter. Jerash Holdings (US) had a return on equity of 12.19% and a net margin of 5.52%. The business had revenue of $30.94 million during the quarter. During the same quarter in the prior year, the company posted $0.06 earnings per share. As a group, analysts forecast that Jerash Holdings will post 0.67 earnings per share for the current fiscal year.
Jerash Holdings (US) Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 17th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, August 16th. This represents a $0.20 annualized dividend and a dividend yield of 3.46%. Jerash Holdings (US)'s payout ratio is presently 29.41%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Lake Street Capital decreased their price objective on Jerash Holdings (US) from $12.00 to $10.00 and set a "buy" rating for the company in a report on Friday, June 24th. TheStreet downgraded Jerash Holdings (US) from a "b" rating to a "c+" rating in a report on Thursday, June 23rd.