Jerash Holdings (US) Inc (NASDAQ:JRSH) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 4,200 shares, a decline of 38.2% from the September 15th total of 6,800 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 7,000 shares, the short-interest ratio is currently 0.6 days.
Several equities analysts have recently issued reports on JRSH shares. Zacks Investment Research raised shares of Jerash Holdings (US) from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. ValuEngine lowered shares of Jerash Holdings (US) from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Jerash Holdings (US) presently has a consensus rating of “Hold” and a consensus price target of $9.50.
A hedge fund recently raised its stake in Jerash Holdings (US) stock. Perritt Capital Management Inc. grew its position in Jerash Holdings (US) Inc (NASDAQ:JRSH) by 15.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,529 shares of the company’s stock after buying an additional 8,919 shares during the period. Perritt Capital Management Inc. owned approximately 0.60% of Jerash Holdings (US) worth $484,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.76% of the company’s stock.
Shares of JRSH stock traded down $0.02 on Monday, hitting $6.88. The stock had a trading volume of 6,200 shares, compared to its average volume of 8,494. Jerash Holdings has a twelve month low of $5.66 and a twelve month high of $8.50. The firm has a market cap of $78.14 million, a P/E ratio of 15.29 and a beta of 1.18. The company has a current ratio of 7.41, a quick ratio of 4.62 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $7.31 and a two-hundred day moving average price of $7.10.
Jerash Holdings (US) (NASDAQ:JRSH) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). Jerash Holdings (US) had a net margin of 8.47% and a return on equity of 17.07%. The firm had revenue of $22.53 million during the quarter, compared to analyst estimates of $21.70 million. On average, analysts expect that Jerash Holdings will post 0.75 earnings per share for the current year.
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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