Jerash Holdings (US) (NASDAQ:JRSH) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Jerash Holdings (US) (NASDAQ:JRSH) from a sell rating to a hold 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. “

Separately, ValuEngine cut shares of Jerash Holdings (US) from a sell rating to a strong sell rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Jerash Holdings (US) presently has a consensus rating of Hold and an average price target of $9.50.

Shares of NASDAQ JRSH traded up $0.09 during mid-day trading on Wednesday, reaching $7.37. 301 shares of the company’s stock traded hands, compared to its average volume of 10,216. The stock has a market cap of $84.71 million, a P/E ratio of 16.38 and a beta of 1.18. The business has a 50-day simple moving average of $7.34 and a 200 day simple moving average of $7.13. Jerash Holdings has a 1-year low of $5.06 and a 1-year high of $8.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.41 and a quick ratio of 4.62.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The business had revenue of $22.53 million for the quarter, compared to analyst estimates of $21.70 million. Jerash Holdings (US) had a net margin of 8.47% and a return on equity of 17.07%. Equities research analysts anticipate that Jerash Holdings will post 0.75 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Jerash Holdings (US) stock. Royce & Associates LP increased its position in shares of Jerash Holdings (US) Inc (NASDAQ:JRSH) by 32.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 149,860 shares of the company’s stock after purchasing an additional 36,393 shares during the quarter. Royce & Associates LP owned approximately 1.32% of Jerash Holdings (US) worth $1,101,000 as of its most recent SEC filing. 3.76% of the stock is owned by hedge funds and other institutional investors.

Jerash Holdings (US) Company Profile

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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