Jerash Holdings (US) (NASDAQ:JRSH) Shares Up 0.3% – Time to Buy?

Shares of Jerash Holdings (US), Inc. (NASDAQ:JRSH) rose 0.3% on Tuesday . The company traded as high as $3.59 and last traded at $3.56. Approximately 2,751 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 12,177 shares. The stock had previously closed at $3.55.

Jerash Holdings (US) Price Performance

The stock has a market capitalization of $43.89 million, a PE ratio of -11.52 and a beta of 0.88. The company’s 50 day moving average price is $3.58 and its two-hundred day moving average price is $3.31.

Jerash Holdings (US) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date was Tuesday, February 18th. Jerash Holdings (US)’s dividend payout ratio is presently -64.52%.

Hedge Funds Weigh In On Jerash Holdings (US)

Several large investors have recently made changes to their positions in JRSH. Citadel Advisors LLC acquired a new stake in shares of Jerash Holdings (US) in the fourth quarter valued at $78,000. Dimensional Fund Advisors LP boosted its holdings in Jerash Holdings (US) by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,920 shares of the company’s stock valued at $215,000 after purchasing an additional 3,760 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Jerash Holdings (US) by 27.3% in the fourth quarter. Renaissance Technologies LLC now owns 92,240 shares of the company’s stock valued at $315,000 after acquiring an additional 19,800 shares in the last quarter. 3.39% 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 sport and outerwear. The company offers t-shirts; jackets and pullover; pants and shorts; crew neck, polo shirts, and tank tops made from knitted fabric, as well as personal protective equipment. It serves various brand-name retailers in the United States, Hong Kong, Jordan, and internationally.