Jerash Holdings (US) (NASDAQ:JRSH) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Jerash Holdings (US) (NASDAQ:JRSH) to a hold rating in a research note issued to investors on Saturday morning.

Jerash Holdings (US) Stock Down 1.8%

Shares of NASDAQ:JRSH opened at $3.21 on Friday. The company has a market capitalization of $39.48 million, a P/E ratio of -10.35 and a beta of 1.05. The stock’s fifty day simple moving average is $3.11 and its 200-day simple moving average is $3.36. Jerash Holdings has a 52-week low of $2.68 and a 52-week high of $4.17.

Jerash Holdings (US) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 30th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.20 annualized dividend and a dividend yield of 6.23%. Jerash Holdings (US)’s payout ratio is -64.52%.

Institutional Investors Weigh In On Jerash Holdings (US)

Large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in shares of Jerash Holdings (US) in the 4th quarter worth about $78,000. Dimensional Fund Advisors LP raised its holdings in Jerash Holdings (US) by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 62,920 shares of the company’s stock worth $215,000 after buying an additional 3,760 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Jerash Holdings (US) by 27.3% in the 4th quarter. Renaissance Technologies LLC now owns 92,240 shares of the company’s stock worth $315,000 after acquiring an additional 19,800 shares in the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

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.