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

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

Jerash Holdings (US) Stock Up 0.6%

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

Institutional Investors Weigh In On Jerash Holdings (US)

A number of hedge funds have recently modified their holdings of JRSH. Renaissance Technologies LLC grew its holdings 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 grew its stake in shares of Jerash Holdings (US) by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 62,920 shares of the company’s stock valued at $215,000 after buying an additional 3,760 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of Jerash Holdings (US) in the 4th quarter valued at approximately $78,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

About Jerash Holdings (US)

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.