ValuEngine Downgrades Jerash Holdings (US) (NASDAQ:JRSH) to Sell

ValuEngine lowered shares of Jerash Holdings (US) (NASDAQ:JRSH) from a hold rating to a sell rating in a research note published on Thursday morning, ValuEngine reports.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research raised Jerash Holdings (US) from a sell rating to a hold rating in a research note on Tuesday, January 14th. DA Davidson reaffirmed a buy rating on shares of Jerash Holdings (US) in a research note on Monday, November 4th.

Shares of NASDAQ:JRSH traded down $0.06 on Thursday, reaching $6.87. 42,703 shares of the company traded hands, compared to its average volume of 5,774. The business’s 50-day simple moving average is $6.17 and its 200 day simple moving average is $6.75. Jerash Holdings has a 52 week low of $5.77 and a 52 week high of $8.00. The stock has a market capitalization of $77.80 million, a P/E ratio of 12.05 and a beta of 1.00. The company has a current ratio of 8.87, a quick ratio of 6.77 and a debt-to-equity ratio of 0.01.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05. Jerash Holdings (US) had a return on equity of 11.56% and a net margin of 7.59%. Sell-side analysts expect that Jerash Holdings will post 0.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 19th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.20 annualized dividend and a dividend yield of 2.91%. Jerash Holdings (US)’s payout ratio is presently 44.44%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC bought a new stake in shares of Jerash Holdings (US) in the third quarter worth about $245,000. 1492 Capital Management LLC bought a new stake in shares of Jerash Holdings (US) in the fourth quarter worth about $589,000. Finally, Renaissance Technologies LLC grew its stake in shares of Jerash Holdings (US) by 44.9% in the fourth quarter. Renaissance Technologies LLC now owns 21,888 shares of the company’s stock worth $128,000 after purchasing an additional 6,786 shares during the last quarter. 4.67% of the stock is currently owned by institutional investors.

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.

Further Reading: Risk Tolerance

To view ValuEngine’s full report, visit ValuEngine’s official website.

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