Jerash Holdings (US) (JRSH) Issues Quarterly Earnings Results

Jerash Holdings (US) (NASDAQ:JRSH) posted its earnings results on Thursday. The company reported $0.56 earnings per share (EPS) for the quarter, Morningstar.com reports. Jerash Holdings (US) had a return on equity of 16.59% and a net margin of 9.21%. The company had revenue of $33.46 million for the quarter. Jerash Holdings (US) updated its FY 2018 guidance to EPS.

JRSH traded down $0.31 on Friday, hitting $7.92. The company had a trading volume of 69,213 shares, compared to its average volume of 4,947. Jerash Holdings has a 12-month low of $4.77 and a 12-month high of $11.00.

The business also recently announced a special dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Monday, November 19th will be paid a $0.05 dividend. The ex-dividend date is Friday, November 16th.

In other Jerash Holdings (US) news, Director Gary J. Haseley purchased 50,000 shares of the stock in a transaction on Friday, September 14th. The stock was acquired at an average price of $4.90 per share, with a total value of $245,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 43.00% of the stock is currently owned by company insiders.

An institutional investor recently bought a new position in Jerash Holdings (US) stock. MYDA Advisors LLC purchased a new position in Jerash Holdings (US) Inc (NASDAQ:JRSH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the company’s stock, valued at approximately $148,000. MYDA Advisors LLC owned approximately 0.18% of Jerash Holdings (US) as of its most recent filing with the Securities and Exchange Commission (SEC). 1.11% of the stock is currently owned by hedge funds and other institutional investors.

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Jerash Holdings (US) Company Profile

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. The company offers jackets, polo shirts, crew neck shirts, pants, and shorts made from knitted fabric. It serves various brand-name retailers in the United States, Jordan, and internationally.

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