Jerash Holdings (US) (NASDAQ:JRSH) Shares Up 0.6% – Here’s What Happened

Jerash Holdings (US), Inc. (NASDAQ:JRSH) shares were up 0.6% during trading on Tuesday . The stock traded as high as $3.19 and last traded at $3.15. Approximately 27,405 shares traded hands during trading, a decline of 14% from the average daily volume of 31,792 shares. The stock had previously closed at $3.13.

Jerash Holdings (US) Stock Up 0.6%

The firm has a 50-day moving average price of $3.10 and a 200 day moving average price of $3.36. The firm has a market capitalization of $38.73 million, a PE ratio of -10.16 and a beta of 1.05.

Jerash Holdings (US) Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 30th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date of this dividend was Friday, May 30th. Jerash Holdings (US)’s dividend payout ratio (DPR) is -64.52%.

Hedge Funds Weigh In On Jerash Holdings (US)

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in shares of Jerash Holdings (US) by 27.3% in the fourth 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. Dimensional Fund Advisors LP boosted its stake in shares of Jerash Holdings (US) by 6.4% in 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 period. Finally, Citadel Advisors LLC purchased a new position in shares of Jerash Holdings (US) in the fourth quarter valued at approximately $78,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

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.