Jerash Holdings (US), Inc. (NASDAQ:JRSH – Get Free Report) announced a quarterly dividend on Friday, August 7th. Shareholders of record on Monday, August 17th will be given a dividend of 0.05 per share on Monday, August 24th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, August 17th.
Jerash Holdings (US) has a dividend payout ratio of 42.6% meaning its dividend is sufficiently covered by earnings.
Jerash Holdings (US) Price Performance
Shares of NASDAQ JRSH traded down $0.03 during midday trading on Friday, hitting $5.00. The stock had a trading volume of 149,825 shares, compared to its average volume of 374,336. The company has a market capitalization of $63.50 million, a PE ratio of 17.86 and a beta of 1.03. The stock has a 50 day simple moving average of $4.34 and a 200-day simple moving average of $3.59. Jerash Holdings has a 1 year low of $2.85 and a 1 year high of $5.47. The company has a quick ratio of 1.31, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.
Institutional Trading of Jerash Holdings (US)
Several institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in Jerash Holdings (US) in the fourth quarter worth approximately $32,000. NewEdge Advisors LLC acquired a new stake in shares of Jerash Holdings (US) during the 1st quarter worth about $43,000. Jane Street Group LLC acquired a new stake in shares of Jerash Holdings (US) during the 2nd quarter worth about $50,000. State Street Corp raised its holdings in Jerash Holdings (US) by 27.6% in the 4th quarter. State Street Corp now owns 21,705 shares of the company’s stock valued at $66,000 after buying an additional 4,700 shares during the period. Finally, BlackRock Inc. acquired a new position in Jerash Holdings (US) in the second quarter valued at about $112,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.
About Jerash Holdings (US)
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.
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