Jerash Holdings (US) (NASDAQ:JRSH) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Jerash Holdings (US) (NASDAQ:JRSH) from a sell rating to a strong sell rating in a research report report published on Thursday, ValuEngine reports.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Jerash Holdings (US) from a hold rating to a sell rating in a research note on Wednesday, June 5th. DA Davidson initiated coverage on shares of Jerash Holdings (US) in a research note on Wednesday, April 17th. They issued a buy rating and a $9.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $9.50.

NASDAQ JRSH traded down $0.12 on Thursday, hitting $6.85. 3,536 shares of the company were exchanged, compared to its average volume of 4,341. Jerash Holdings has a 12 month low of $4.77 and a 12 month high of $8.50. The stock’s fifty day moving average is $7.01.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Sunday, August 11th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, August 8th.

A hedge fund recently raised its stake in Jerash Holdings (US) stock. Royce & Associates LP raised its holdings in Jerash Holdings (US) Inc (NASDAQ:JRSH) by 32.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 149,860 shares of the company’s stock after buying an additional 36,393 shares during the period. Royce & Associates LP owned about 1.32% of Jerash Holdings (US) worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.67% 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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