Jerash Holdings (US) (NASDAQ:JRSH) Stock Price Down 0.7%

Shares of Jerash Holdings (US), Inc. (NASDAQ:JRSH) traded down 0.7% on Wednesday . The stock traded as low as $2.84 and last traded at $2.87. 5,130 shares changed hands during trading, a decline of 52% from the average session volume of 10,779 shares. The stock had previously closed at $2.89.

Jerash Holdings (US) Trading Up 0.5 %

The firm has a market capitalization of $35.84 million, a P/E ratio of -17.81 and a beta of 0.82. The firm has a 50-day moving average of $2.95 and a two-hundred day moving average of $3.01.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.20). The business had revenue of $40.94 million for the quarter. Jerash Holdings (US) had a negative return on equity of 5.78% and a negative net margin of 3.12%.

Jerash Holdings (US) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.20 annualized dividend and a yield of 6.86%. Jerash Holdings (US)’s dividend payout ratio is currently -125.00%.

Institutional Investors Weigh In On Jerash Holdings (US)

An institutional investor recently bought a new position in Jerash Holdings (US) stock. Access Investment Management LLC acquired a new stake in Jerash Holdings (US), Inc. (NASDAQ:JRSH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 55,765 shares of the company’s stock, valued at approximately $174,000. Access Investment Management LLC owned 0.45% of Jerash Holdings (US) as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 3.39% of the company’s stock.

Jerash Holdings (US) Company Profile

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.