Jerash Holdings (US) (NASDAQ:JRSH) Stock Price Up 2.8% – Still a Buy?

Jerash Holdings (US), Inc. (NASDAQ:JRSH)’s stock price rose 2.8% on Monday . The stock traded as high as $4.74 and last traded at $4.70. 89,470 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 74,796 shares. The stock had previously closed at $4.57.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JRSH. Weiss Ratings upgraded Jerash Holdings (US) from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of Jerash Holdings (US) from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 28th. Finally, DA Davidson set a $5.00 price objective on shares of Jerash Holdings (US) in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $5.00.

Jerash Holdings (US) Trading Down 1.2%

The company has a current ratio of 2.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $60.96 million, a P/E ratio of 17.14 and a beta of 1.03. The business has a 50 day moving average of $4.28 and a 200-day moving average of $3.56.

Jerash Holdings (US) (NASDAQ:JRSH) last released its quarterly earnings results on Monday, June 15th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.13. Jerash Holdings (US) had a net margin of 2.13% and a return on equity of 5.57%. The company had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $36.20 million.

Hedge Funds Weigh In On Jerash Holdings (US)

Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in shares of Jerash Holdings (US) by 50.9% in the 1st quarter. Renaissance Technologies LLC now owns 272,240 shares of the company’s stock valued at $787,000 after purchasing an additional 91,816 shares during the period. Susquehanna International Group LLP boosted its position in shares of Jerash Holdings (US) by 70.6% during the third quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock worth $893,000 after buying an additional 111,359 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Jerash Holdings (US) by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 97,495 shares of the company’s stock worth $297,000 after buying an additional 6,597 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Jerash Holdings (US) by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 63,541 shares of the company’s stock worth $194,000 after buying an additional 4,528 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Jerash Holdings (US) by 166.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 48,083 shares of the company’s stock valued at $147,000 after buying an additional 30,055 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Jerash Holdings (US) Company Profile

Jerash Holdings (NASDAQ:JRSH) is a global designer, manufacturer and marketer of intimate apparel, sportswear and swimwear. Founded in 1994 in the Jerash special economic zone of Jordan, the company has built a vertically integrated production model that spans product design, raw material sourcing, fabric printing, sewing and finishing. By controlling each stage of the manufacturing process, Jerash maintains strict quality standards and achieves competitive lead times for its apparel collections.

Operating state-of-the-art facilities in Jordan with a workforce of more than 10,000 employees, Jerash produces both proprietary brands and private-label merchandise for major retailers.