Jerash Holdings (US) (NASDAQ:JRSH) Trading Down 1.4% – Here’s Why

Posted by Xavier Holt on Jan 19th, 2025

Jerash Holdings (US), Inc. (NASDAQ:JRSH – Get Free Report) fell 1.4% on Friday . The stock traded as low as $3.45 and last traded at $3.45. 9,266 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 9,151 shares. The stock had previously closed at $3.50.

Jerash Holdings (US) Price Performance

The stock has a 50 day moving average price of $3.39 and a 200-day moving average price of $3.12.

Jerash Holdings (US) (NASDAQ:JRSH – Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter. The business had revenue of $40.24 million during the quarter. Jerash Holdings (US) had a negative net margin of 2.73% and a negative return on equity of 5.48%.

Jerash Holdings (US) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were given a dividend of $0.05 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 5.80%. Jerash Holdings (US)’s payout ratio is -68.97%.

About Jerash Holdings (US)

(Get Free Report)

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.