Jerash Holdings (US) (NASDAQ:JRSH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Jerash Holdings (US) (NASDAQ:JRSH) to a hold rating in a report released on Saturday.

Jerash Holdings (US) Trading Up 0.6%

JRSH opened at $3.23 on Friday. The stock has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $3.36. The company has a market cap of $39.73 million, a price-to-earnings ratio of -10.42 and a beta of 1.05. Jerash Holdings has a 12-month low of $2.68 and a 12-month high of $4.17.

Jerash Holdings (US) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 30th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date was Friday, May 30th. Jerash Holdings (US)’s dividend payout ratio is -64.52%.

Hedge Funds Weigh In On Jerash Holdings (US)

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC bought a new position in shares of Jerash Holdings (US) during the fourth quarter valued at approximately $78,000. Dimensional Fund Advisors LP increased its position in Jerash Holdings (US) by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 62,920 shares of the company’s stock valued at $215,000 after buying an additional 3,760 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Jerash Holdings (US) by 27.3% during the 4th quarter. Renaissance Technologies LLC now owns 92,240 shares of the company’s stock valued at $315,000 after buying an additional 19,800 shares in the last quarter. Institutional investors own 3.39% of the company’s stock.

About Jerash Holdings (US)

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sport and outerwear. The company offers t-shirts; jackets and pullover; pants and shorts; crew neck, polo shirts, and tank tops made from knitted fabric, as well as personal protective equipment. It serves various brand-name retailers in the United States, Hong Kong, Jordan, and internationally.