Jerash Holdings (US) (NASDAQ:JRSH) announced its earnings results on Monday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.13), Fidelity Earnings reports. Jerash Holdings (US) had a return on equity of 13.21% and a net margin of 7.52%.
Shares of Jerash Holdings (US) stock opened at $4.99 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.43 and a quick ratio of 4.90. The firm has a 50 day simple moving average of $4.76 and a 200 day simple moving average of $5.47. Jerash Holdings has a fifty-two week low of $3.60 and a fifty-two week high of $7.90. The firm has a market cap of $56.51 million, a P/E ratio of 8.18 and a beta of 0.67.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 26th were given a dividend of $0.05 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.01%. Jerash Holdings (US)’s payout ratio is 44.44%.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Jerash Holdings (US) from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Thursday, May 21st. ValuEngine upgraded Jerash Holdings (US) from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 24th. Finally, TheStreet cut Jerash Holdings (US) from a “c-” rating to a “d” rating in a report on Monday, May 4th.
About Jerash Holdings (US)
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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