Jerash Holdings (US) Inc (NASDAQ:JRSH) Given $9.50 Consensus Target Price by Brokerages

Jerash Holdings (US) Inc (NASDAQ:JRSH) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus target price of $9.50 for the company and are predicting that the company will post $0.45 earnings per share for the current quarter, according to Zacks. Zacks has also given Jerash Holdings (US) an industry rank of 101 out of 255 based on the ratings given to its competitors.

Several analysts have recently commented on JRSH shares. Zacks Investment Research upgraded shares of Jerash Holdings (US) from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. ValuEngine lowered shares of Jerash Holdings (US) from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st.

An institutional investor recently raised its position in Jerash Holdings (US) stock. Perritt Capital Management Inc. grew its holdings in Jerash Holdings (US) Inc (NASDAQ:JRSH) by 15.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,529 shares of the company’s stock after acquiring an additional 8,919 shares during the period. Perritt Capital Management Inc. owned about 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.

Shares of JRSH traded down $0.12 during mid-day trading on Monday, hitting $6.93. 3,742 shares of the company’s stock were exchanged, compared to its average volume of 8,808. Jerash Holdings has a fifty-two week low of $5.50 and a fifty-two week high of $8.50. The firm has a market capitalization of $83.46 million, a P/E ratio of 15.40 and a beta of 1.18. The business’s 50 day moving average is $7.34 and its two-hundred day moving average is $7.14. The company has a current ratio of 7.41, a quick ratio of 4.62 and a debt-to-equity ratio of 0.01.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its earnings results on Tuesday, August 13th. The company reported $0.14 earnings per share for the quarter, missing the 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 business had revenue of $22.53 million for the quarter, compared to analyst estimates of $21.70 million. On average, equities research analysts forecast that Jerash Holdings will post 0.75 earnings per share for the current year.

Jerash Holdings (US) Company Profile

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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