Jerash Holdings (US) (NASDAQ:JRSH) Shares Down 1.4% – Here’s What Happened

Jerash Holdings (US), Inc. (NASDAQ:JRSH)’s share price fell 1.4% on Monday . The company traded as low as $2.97 and last traded at $3.00. 12,478 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 10,205 shares. The stock had previously closed at $3.04.

Jerash Holdings (US) Stock Down 1.4 %

The company’s 50 day simple moving average is $2.98 and its 200-day simple moving average is $3.00. The firm has a market cap of $36.86 million, a P/E ratio of -9.67 and a beta of 0.82.

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

About Jerash Holdings (US)

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.