Jerash Holdings (US) (NASDAQ:JRSH) had its price objective reduced by analysts at Lake Street Capital from $11.00 to $8.00 in a research note issued on Tuesday, The Fly reports. Lake Street Capital’s target price would suggest a potential upside of 63.93% from the stock’s current price.
Several other brokerages have also issued reports on JRSH. Zacks Investment Research raised shares of Jerash Holdings (US) from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Thursday, May 21st. ValuEngine raised shares of Jerash Holdings (US) from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 24th. Finally, TheStreet cut shares of Jerash Holdings (US) from a “c-” rating to a “d” rating in a research report on Monday, May 4th.
JRSH traded up $0.12 during trading on Tuesday, reaching $4.88. 6,381 shares of the company’s stock were exchanged, compared to its average volume of 9,001. The company’s fifty day moving average price is $4.76 and its 200-day moving average price is $5.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.90 and a current ratio of 6.43. Jerash Holdings has a fifty-two week low of $3.60 and a fifty-two week high of $7.90. The firm has a market capitalization of $56.51 million, a PE ratio of 7.93 and a beta of 0.67.
A number of institutional investors and hedge funds have recently bought and sold shares of JRSH. Howe & Rusling Inc. raised its holdings in Jerash Holdings (US) by 25.0% during the 1st quarter. Howe & Rusling Inc. now owns 410,084 shares of the company’s stock valued at $2,086,000 after buying an additional 82,001 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new position in Jerash Holdings (US) in the 1st quarter worth $203,000. Finally, Renaissance Technologies LLC raised its holdings in Jerash Holdings (US) by 44.9% in the 4th quarter. Renaissance Technologies LLC now owns 21,888 shares of the company’s stock worth $128,000 after purchasing an additional 6,786 shares in the last quarter. 7.42% 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 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.
Receive News & Ratings for Jerash Holdings (US) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jerash Holdings (US) and related companies with MarketBeat.com's FREE daily email newsletter.