Jerash Holdings (US)’s (JRSH) Buy Rating Reaffirmed at DA Davidson

DA Davidson reiterated their buy rating on shares of Jerash Holdings (US) (NASDAQ:JRSH) in a research report sent to investors on Monday morning, reports. DA Davidson also issued estimates for Jerash Holdings (US)’s FY2020 earnings at $0.81 EPS and FY2021 earnings at $0.98 EPS.

Several other brokerages also recently weighed in on JRSH. ValuEngine downgraded shares of Jerash Holdings (US) from a sell rating to a strong sell rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Jerash Holdings (US) from a sell rating to a hold rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Jerash Holdings (US) presently has an average rating of Hold and a consensus price target of $9.50.

Shares of NASDAQ:JRSH opened at $6.65 on Monday. The company has a market cap of $77.01 million, a price-to-earnings ratio of 8.83 and a beta of 1.14. The firm’s 50-day simple moving average is $7.18 and its 200-day simple moving average is $7.08. The company has a quick ratio of 4.62, a current ratio of 7.41 and a debt-to-equity ratio of 0.01. Jerash Holdings has a fifty-two week low of $5.80 and a fifty-two week high of $8.50.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its earnings results on Tuesday, August 13th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). The firm had revenue of $22.53 million during the quarter, compared to analysts’ expectations of $21.70 million. Jerash Holdings (US) had a net margin of 8.47% and a return on equity of 17.07%. On average, research analysts forecast that Jerash Holdings will post 0.75 EPS for the current year.

An institutional investor recently raised its position in Jerash Holdings (US) stock. Perritt Capital Management Inc. lifted its stake in Jerash Holdings (US) Inc (NASDAQ:JRSH) by 15.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,529 shares of the company’s stock after purchasing an additional 8,919 shares during the period. Perritt Capital Management Inc. owned approximately 0.60% of Jerash Holdings (US) worth $484,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.76% of the company’s stock.

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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