Jerash Holdings (US) (NASDAQ:JRSH) Shares Down 0.7%

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

Jerash Holdings (US) Trading Down 0.7 %

The business’s 50-day moving average price is $2.95 and its 200-day moving average price is $3.01. The stock has a market cap of $35.29 million, a PE ratio of -17.94 and a beta of 0.82.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings results 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 firm had revenue of $40.94 million for the quarter. Jerash Holdings (US) had a negative net margin of 3.12% and a negative return on equity of 5.78%.

Jerash Holdings (US) Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date was Friday, August 16th. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently -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 position in shares of Jerash Holdings (US), Inc. (NASDAQ:JRSH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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.