Jerash Holdings (US), Inc. (NASDAQ:JRSH – Get Rating) announced a quarterly dividend on Friday, August 5th, Zacks reports. Shareholders of record on Wednesday, August 17th will be given a dividend of 0.05 per share on Wednesday, August 24th. This represents a $0.20 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Tuesday, August 16th.
Jerash Holdings (US) has raised its dividend by an average of 58.7% per year over the last three years. Jerash Holdings (US) has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings.
Jerash Holdings (US) Stock Performance
Shares of JRSH traded up $0.03 during midday trading on Friday, hitting $5.64. 19,836 shares of the stock traded hands, compared to its average volume of 16,075. Jerash Holdings has a 1-year low of $4.56 and a 1-year high of $9.20. The firm has a market capitalization of $70.67 million, a PE ratio of 8.29 and a beta of 0.93. The business’s 50 day moving average price is $5.57 and its two-hundred day moving average price is $6.11.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. TheStreet downgraded Jerash Holdings (US) from a “b” rating to a “c+” rating in a report on Thursday, June 23rd. Lake Street Capital dropped their price objective on Jerash Holdings (US) from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, June 24th.
Hedge Funds Weigh In On Jerash Holdings (US)
An institutional investor recently raised its position in Jerash Holdings (US) stock. Vanguard Group Inc. boosted its position in Jerash Holdings (US), Inc. (NASDAQ:JRSH – Get Rating) by 42.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,626 shares of the company’s stock after purchasing an additional 19,853 shares during the period. Vanguard Group Inc. owned 0.54% of Jerash Holdings (US) worth $428,000 at the end of the most recent quarter. 20.42% of the stock is currently owned by institutional investors and hedge funds.
Jerash Holdings (US) Company Profile
Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and readymade 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, Jordan, and internationally.
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