Jerash Holdings (US) (NASDAQ:JRSH) Trading 2.4% Higher – Still a Buy?

Jerash Holdings (US), Inc. (NASDAQ:JRSH)’s share price shot up 2.4% during mid-day trading on Thursday . The company traded as high as $3.43 and last traded at $3.40. 17,801 shares changed hands during trading, an increase of 53% from the average session volume of 11,605 shares. The stock had previously closed at $3.32.

Jerash Holdings (US) Stock Up 2.4 %

The firm has a market capitalization of $41.80 million, a P/E ratio of -11.72 and a beta of 0.86. The business’s 50 day moving average is $3.22 and its 200-day moving average is $3.06.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter. Jerash Holdings (US) had a negative net margin of 2.73% and a negative return on equity of 5.48%. The company had revenue of $40.24 million for the quarter.

Jerash Holdings (US) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were issued a $0.05 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 5.88%. Jerash Holdings (US)’s payout ratio is -68.97%.

Jerash Holdings (US) Company Profile

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.