Wall Street Zen Upgrades Jerash Holdings (US) (NASDAQ:JRSH) to Buy

Jerash Holdings (US) (NASDAQ:JRSH) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other equities analysts have also issued research reports about the company. Weiss Ratings upgraded Jerash Holdings (US) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. DA Davidson set a $5.00 price target on Jerash Holdings (US) in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Jerash Holdings (US) Stock Performance

Shares of JRSH opened at $4.47 on Friday. The firm has a market cap of $56.77 million, a P/E ratio of 15.96 and a beta of 1.11. Jerash Holdings has a 52 week low of $2.85 and a 52 week high of $5.47. The firm’s 50-day simple moving average is $3.44 and its 200 day simple moving average is $3.21.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its quarterly earnings data on Monday, June 15th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.13. Jerash Holdings (US) had a net margin of 2.13% and a return on equity of 5.61%. The firm had revenue of $42.90 million during the quarter, compared to the consensus estimate of $36.20 million.

Institutional Trading of Jerash Holdings (US)

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of Jerash Holdings (US) during the 4th quarter worth approximately $32,000. NewEdge Advisors LLC acquired a new stake in shares of Jerash Holdings (US) in the first quarter valued at approximately $43,000. Jane Street Group LLC bought a new stake in shares of Jerash Holdings (US) in the fourth quarter valued at approximately $48,000. State Street Corp boosted its stake in shares of Jerash Holdings (US) by 27.6% in the fourth quarter. State Street Corp now owns 21,705 shares of the company’s stock valued at $66,000 after buying an additional 4,700 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of Jerash Holdings (US) by 35.7% in the third quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock valued at $138,000 after buying an additional 10,912 shares during the period. Institutional investors own 3.39% of the company’s stock.

About Jerash Holdings (US)

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.