Zacks Investment Research Upgrades Jerash Holdings (US) (NASDAQ:JRSH) to Hold

Share on StockTwits

Jerash Holdings (US) (NASDAQ:JRSH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, 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. “

Several other research analysts also recently commented on JRSH. ValuEngine upgraded Jerash Holdings (US) from a “sell” rating to a “hold” rating in a report on Friday, December 20th. DA Davidson restated a “buy” rating on shares of Jerash Holdings (US) in a report on Monday, November 4th.

JRSH traded down $0.03 during trading on Tuesday, hitting $6.46. 350 shares of the stock were exchanged, compared to its average volume of 5,152. The firm has a 50 day simple moving average of $6.27 and a 200 day simple moving average of $6.87. The firm has a market cap of $73.61 million, a price-to-earnings ratio of 14.35 and a beta of 1.03. Jerash Holdings has a 1 year low of $5.77 and a 1 year high of $8.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.77 and a current ratio of 8.87.

Jerash Holdings (US) (NASDAQ:JRSH) last released its quarterly earnings data on Friday, November 8th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $30.61 million for the quarter, compared to the consensus estimate of $40.02 million. Jerash Holdings (US) had a return on equity of 11.56% and a net margin of 7.59%. As a group, equities analysts anticipate that Jerash Holdings will post 0.68 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Jerash Holdings (US) stock. Millennium Management LLC bought a new stake in shares of Jerash Holdings (US) Inc (NASDAQ:JRSH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 32,716 shares of the company’s stock, valued at approximately $245,000. Millennium Management LLC owned approximately 0.29% of Jerash Holdings (US) at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.67% of the company’s stock.

About Jerash Holdings (US)

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.

Read More: What is a stock split?

Get a free copy of the Zacks research report on Jerash Holdings (US) (JRSH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.