Jerash Holdings (US) (JRSH) Posts Quarterly Earnings Results

Jerash Holdings (US) (NASDAQ:JRSH) announced its quarterly earnings results on Thursday. The company reported $0.56 earnings per share (EPS) for the quarter, reports. Jerash Holdings (US) had a return on equity of 16.59% and a net margin of 9.21%. The firm had revenue of $33.46 million during the quarter. Jerash Holdings (US) updated its FY 2018 guidance to EPS.

NASDAQ JRSH traded down $0.31 during trading hours on Friday, hitting $7.92. The company had a trading volume of 69,213 shares, compared to its average volume of 4,947. Jerash Holdings has a fifty-two week low of $4.77 and a fifty-two week high of $11.00.

The business also recently declared a special dividend, which will be paid on Tuesday, November 27th. Investors of record on Monday, November 19th will be issued a $0.05 dividend. The ex-dividend date is Friday, November 16th.

In related news, Director Gary J. Haseley purchased 50,000 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was purchased at an average cost of $4.90 per share, for a total transaction of $245,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 43.00% of the stock is currently owned by corporate insiders.

A hedge fund recently bought a new stake in Jerash Holdings (US) stock. MYDA Advisors LLC purchased a new stake in Jerash Holdings (US) Inc (NASDAQ:JRSH) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $148,000. MYDA Advisors LLC owned approximately 0.18% of Jerash Holdings (US) at the end of the most recent quarter. 1.11% of the stock is currently owned by hedge funds and other institutional investors.

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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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