Jerash Holdings (US) (NASDAQ:JRSH) Shares Down 1.4% – Here’s Why

Jerash Holdings (US), Inc. (NASDAQ:JRSH)’s stock price traded down 1.4% during trading on Monday . The company traded as low as $2.97 and last traded at $3.00. 12,478 shares were traded during trading, an increase of 22% from the average session volume of 10,205 shares. The stock had previously closed at $3.04.

Jerash Holdings (US) Price Performance

The firm has a market capitalization of $36.86 million, a PE ratio of -9.67 and a beta of 0.82. The company has a 50-day moving average price of $2.98 and a 200 day moving average price of $3.00.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.20). Jerash Holdings (US) had a negative return on equity of 5.78% and a negative net margin of 3.12%. The business had revenue of $40.94 million during the quarter.

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.