Jerash Holdings (US), Inc. (NASDAQ:JRSH – Get Free Report) declared a quarterly dividend on Friday, November 7th. Shareholders of record on Wednesday, November 19th will be paid a dividend of 0.05 per share on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Wednesday, November 19th.
Jerash Holdings (US) has decreased its dividend by an average of 0.0%per year over the last three years. Jerash Holdings (US) has a dividend payout ratio of 42.6% meaning its dividend is sufficiently covered by earnings.
Jerash Holdings (US) Trading Up 0.9%
Shares of JRSH stock opened at $3.26 on Friday. The company’s fifty day simple moving average is $3.35 and its 200-day simple moving average is $3.29. Jerash Holdings has a 52 week low of $2.81 and a 52 week high of $4.17. The company has a market cap of $41.40 million, a PE ratio of 46.57 and a beta of 1.09.
Institutional Investors Weigh In On Jerash Holdings (US)
An institutional investor recently bought a new position in Jerash Holdings (US) stock. Access Investment Management LLC bought a new stake in Jerash Holdings (US), Inc. (NASDAQ:JRSH – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,300 shares of the company’s stock, valued at approximately $155,000. Access Investment Management LLC owned approximately 0.37% of Jerash Holdings (US) as of its most recent SEC filing. Institutional investors and hedge funds 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.
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