Jerash Holdings (US) (NASDAQ:JRSH) Shares Down 0.3% – Should You Sell?

Jerash Holdings (US), Inc. (NASDAQ:JRSH) dropped 0.3% during trading on Thursday . The stock traded as low as $2.95 and last traded at $2.99. Approximately 6,319 shares were traded during trading, a decline of 40% from the average daily volume of 10,561 shares. The stock had previously closed at $3.00.

Jerash Holdings (US) Stock Performance

The business has a fifty day moving average of $2.95 and a two-hundred day moving average of $3.00. The firm has a market capitalization of $36.76 million, a price-to-earnings ratio of -18.69 and a beta of 0.82.

Jerash Holdings (US) (NASDAQ:JRSH) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). The company had revenue of $40.94 million during the quarter. Jerash Holdings (US) had a negative net margin of 3.12% and a negative return on equity of 5.78%.

Jerash Holdings (US) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were given a dividend of $0.05 per share. The ex-dividend date was Friday, August 16th. This represents a $0.20 annualized dividend and a yield of 6.69%. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently -125.00%.

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.