Shares of Jerash Holdings (US) Inc (NASDAQ:JRSH) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus target price of $9.50 for the company and are anticipating that the company will post $0.45 EPS for the current quarter, according to Zacks. Zacks has also given Jerash Holdings (US) an industry rank of 52 out of 256 based on the ratings given to its competitors.
A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Jerash Holdings (US) from a “hold” rating to a “sell” rating in a report on Wednesday, June 5th. ValuEngine downgraded shares of Jerash Holdings (US) from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st.
Shares of NASDAQ:JRSH traded down $0.44 during midday trading on Friday, hitting $7.26. The stock had a trading volume of 14,550 shares, compared to its average volume of 7,378. The company has a market capitalization of $87.20 million, a PE ratio of 16.13 and a beta of 1.17. The stock has a 50 day moving average price of $7.21 and a two-hundred day moving average price of $7.11. The company has a current ratio of 7.41, a quick ratio of 4.62 and a debt-to-equity ratio of 0.01. Jerash Holdings has a 1 year low of $5.06 and a 1 year 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%. As a group, equities analysts expect that Jerash Holdings will post 0.75 EPS for the current year.
An institutional investor recently raised its position in Jerash Holdings (US) stock. Royce & Associates LP increased its stake in shares of Jerash Holdings (US) Inc (NASDAQ:JRSH) by 32.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 149,860 shares of the company’s stock after buying an additional 36,393 shares during the period. Royce & Associates LP owned about 1.32% of Jerash Holdings (US) worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission. 3.76% of the stock is owned by institutional investors and hedge funds.
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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