Jerash Holdings (US) (NASDAQ:JRSH) Shares Up 0.3% – Should You Buy?

Jerash Holdings (US), Inc. (NASDAQ:JRSH) rose 0.3% during trading on Tuesday . The company traded as high as $3.59 and last traded at $3.56. Approximately 2,751 shares were traded during 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 cap of $43.77 million, a P/E ratio of -11.48 and a beta of 0.88. The company has a fifty day moving average of $3.57 and a 200 day moving average of $3.31.

Jerash Holdings (US) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.20 annualized dividend and a dividend yield of 5.62%. Jerash Holdings (US)’s dividend payout ratio (DPR) is -64.52%.

Institutional Trading of Jerash Holdings (US)

Large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in shares of Jerash Holdings (US) during the 4th quarter worth $78,000. Dimensional Fund Advisors LP lifted its holdings in shares of Jerash Holdings (US) by 6.4% during 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 last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Jerash Holdings (US) by 27.3% in the 4th quarter. Renaissance Technologies LLC now owns 92,240 shares of the company’s stock valued at $315,000 after purchasing an additional 19,800 shares during the period. 3.39% of the stock is currently owned by institutional investors.

About Jerash Holdings (US)

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.