Jerash Holdings (US) (NASDAQ:JRSH) Upgraded at ValuEngine

Jerash Holdings (US) (NASDAQ:JRSH) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, ValuEngine reports.

JRSH has been the subject of several other reports. DA Davidson reaffirmed a “buy” rating on shares of Jerash Holdings (US) in a research report on Monday. Zacks Investment Research raised shares of Jerash Holdings (US) from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $9.50.

Jerash Holdings (US) stock traded down $0.15 during trading hours on Friday, reaching $6.65. The stock had a trading volume of 600 shares, compared to its average volume of 8,274. The stock has a market cap of $77.01 million, a PE ratio of 14.78 and a beta of 1.14. Jerash Holdings has a 52 week low of $5.80 and a 52 week high of $8.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.41 and a quick ratio of 4.62. The company has a fifty day simple moving average of $7.14 and a 200-day simple moving average of $7.07.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its earnings results on Tuesday, August 13th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). Jerash Holdings (US) had a return on equity of 17.07% and a net margin of 8.47%. The company had revenue of $22.53 million during the quarter, compared to analysts’ expectations of $21.70 million. Research analysts predict that Jerash Holdings will post 0.75 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Jerash Holdings (US) stock. Perritt Capital Management Inc. lifted its stake in Jerash Holdings (US) Inc (NASDAQ:JRSH) by 15.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,529 shares of the company’s stock after purchasing an additional 8,919 shares during the period. Perritt Capital Management Inc. owned 0.60% of Jerash Holdings (US) worth $484,000 as of its most recent SEC filing. Institutional investors own 3.76% 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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