Jerash Holdings (US) (NASDAQ:JRSH) Rating Increased to Strong-Buy at Wall Street Zen

Jerash Holdings (US) (NASDAQ:JRSH) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday.

Other equities analysts also recently issued research reports about the company. Weiss Ratings upgraded Jerash Holdings (US) from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 17th. DA Davidson set a $5.00 price objective on shares of Jerash Holdings (US) in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.00.

Jerash Holdings (US) Price Performance

JRSH opened at $4.56 on Friday. The firm has a market capitalization of $57.91 million, a P/E ratio of 16.29 and a beta of 1.11. The stock has a fifty day moving average of $3.60 and a 200-day moving average of $3.26. The company has a quick ratio of 1.51, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Jerash Holdings has a 12-month low of $2.85 and a 12-month high of $5.47.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its quarterly earnings results on Monday, June 15th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.13. The business had revenue of $42.90 million for the quarter, compared to the consensus estimate of $36.20 million. Jerash Holdings (US) had a return on equity of 5.57% and a net margin of 2.13%.

Institutional Investors Weigh In On Jerash Holdings (US)

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP lifted its holdings in shares of Jerash Holdings (US) by 70.6% during the 3rd quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock valued at $893,000 after buying an additional 111,359 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Jerash Holdings (US) by 50.9% in the 1st quarter. Renaissance Technologies LLC now owns 272,240 shares of the company’s stock valued at $787,000 after buying an additional 91,816 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Jerash Holdings (US) by 166.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 48,083 shares of the company’s stock valued at $147,000 after buying an additional 30,055 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Jerash Holdings (US) in the first quarter worth approximately $48,000. Finally, Jane Street Group LLC acquired a new position in Jerash Holdings (US) in the fourth quarter worth approximately $48,000. 3.39% of the stock is owned by hedge funds and other institutional investors.

Jerash Holdings (US) Company Profile

Jerash Holdings (NASDAQ:JRSH) is a global designer, manufacturer and marketer of intimate apparel, sportswear and swimwear. Founded in 1994 in the Jerash special economic zone of Jordan, the company has built a vertically integrated production model that spans product design, raw material sourcing, fabric printing, sewing and finishing. By controlling each stage of the manufacturing process, Jerash maintains strict quality standards and achieves competitive lead times for its apparel collections.

Operating state-of-the-art facilities in Jordan with a workforce of more than 10,000 employees, Jerash produces both proprietary brands and private-label merchandise for major retailers.