Jerash Holdings (US) (NASDAQ:JRSH) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Jerash Holdings (US) (NASDAQ:JRSH) from a hold rating to a sell rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Jerash Holdings, Inc. manufactures and exports custom, ready-made sport and outerwear for brands. The company’s product for brands consists of VF Corporation, Costco Wholesale, PVH Corporation, Walmart, Sears, Hanes, Columbia and Land’s End. Jerash Holdings, Inc. is based in New York, United States. “

A number of other equities research analysts also recently weighed in on JRSH. DA Davidson restated a buy rating on shares of Jerash Holdings (US) in a research report on Monday, November 4th. ValuEngine raised Jerash Holdings (US) from a sell rating to a hold rating in a research note on Friday, November 8th.

JRSH traded up $0.07 during mid-day trading on Wednesday, reaching $6.49. The stock had a trading volume of 5,351 shares, compared to its average volume of 7,910. The firm’s fifty day simple moving average is $6.72 and its two-hundred day simple moving average is $7.01. The stock has a market capitalization of $73.27 million, a P/E ratio of 14.41 and a beta of 1.10. Jerash Holdings has a 52 week low of $5.80 and a 52 week high of $8.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.77 and a current ratio of 8.87.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 3.08%. Jerash Holdings (US)’s payout ratio is presently 44.44%.

A hedge fund recently bought a new stake in Jerash Holdings (US) stock. Millennium Management LLC acquired a new position in shares of Jerash Holdings (US) Inc (NASDAQ:JRSH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 32,716 shares of the company’s stock, valued at approximately $245,000. Millennium Management LLC owned 0.29% of Jerash Holdings (US) as of its most recent SEC filing. Institutional investors own 4.67% of the company’s stock.

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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