Jerash Holdings (US) (NASDAQ:JRSH) Trading 2.8% Higher – What’s Next?

Jerash Holdings (US), Inc. (NASDAQ:JRSHGet Free Report)’s share price was up 2.8% during trading on Monday . The company traded as high as $4.74 and last traded at $4.70. 89,470 shares traded hands during trading, an increase of 20% from the average session volume of 74,796 shares. The stock had previously closed at $4.57.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JRSH shares. Wall Street Zen upgraded Jerash Holdings (US) from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 28th. DA Davidson set a $5.00 price objective on Jerash Holdings (US) in a report on Tuesday, June 16th. Finally, Weiss Ratings upgraded Jerash Holdings (US) from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Jerash Holdings (US) presently has a consensus rating of “Buy” and an average price target of $5.00.

Check Out Our Latest Report on JRSH

Jerash Holdings (US) Stock Up 2.8%

The business’s 50 day simple moving average is $4.25 and its 200 day simple moving average is $3.55. The company has a current ratio of 2.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $59.69 million, a PE ratio of 16.79 and a beta of 1.03.

Jerash Holdings (US) (NASDAQ:JRSHGet Free Report) last announced its quarterly earnings results on Monday, June 15th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.13. The firm had revenue of $42.90 million during the quarter, compared to the consensus estimate of $36.20 million. Jerash Holdings (US) had a net margin of 2.13% and a return on equity of 5.57%.

Institutional Investors Weigh In On Jerash Holdings (US)

Several institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of Jerash Holdings (US) in the 4th quarter worth approximately $32,000. NewEdge Advisors LLC purchased a new stake in Jerash Holdings (US) during the 1st quarter valued at $43,000. Jane Street Group LLC purchased a new stake in Jerash Holdings (US) during the 4th quarter valued at $48,000. State Street Corp lifted its position in Jerash Holdings (US) by 27.6% in the fourth quarter. State Street Corp now owns 21,705 shares of the company’s stock worth $66,000 after buying an additional 4,700 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in Jerash Holdings (US) by 35.7% in the third quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock worth $138,000 after buying an additional 10,912 shares during the last quarter. 3.39% of the stock is owned by institutional investors.

Jerash Holdings (US) Company Profile

(Get Free Report)

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.

Further Reading

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