Jerash Holdings (US) (JRSH) Releases Quarterly Earnings Results
Jerash Holdings (US) (NASDAQ:JRSH) announced its earnings results on Thursday. The company reported $0.56 earnings per share for the quarter, Morningstar.com reports. The company had revenue of $33.46 million during the quarter. Jerash Holdings (US) had a return on equity of 16.59% and a net margin of 9.21%. Jerash Holdings (US) updated its FY 2018 guidance to EPS.
Shares of Jerash Holdings (US) stock traded down $0.31 during trading hours on Friday, hitting $7.92. 69,213 shares of the company’s stock traded hands, compared to its average volume of 4,947. Jerash Holdings has a twelve month low of $4.77 and a twelve month high of $11.00.
The firm also recently announced a special dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Monday, November 19th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, November 16th.
A hedge fund recently bought a new stake in Jerash Holdings (US) stock. MYDA Advisors LLC bought a new stake in shares of Jerash Holdings (US) Inc (NASDAQ:JRSH) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,000 shares of the company’s stock, valued at approximately $148,000. MYDA Advisors LLC owned approximately 0.18% of Jerash Holdings (US) at the end of the most recent reporting period. Institutional investors own 1.11% of the company’s stock.
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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.
See Also: Intrinsic Value
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