Jerash Holdings (US) (NASDAQ:JRSH) Stock Price Down 1.4% – Should You Sell?

Jerash Holdings (US), Inc. (NASDAQ:JRSH)’s share price fell 1.4% during mid-day trading on Friday . The stock traded as low as $3.45 and last traded at $3.45. 9,266 shares were traded during trading, an increase of 1% from the average session volume of 9,151 shares. The stock had previously closed at $3.50.

Jerash Holdings (US) Stock Performance

The business’s 50 day moving average is $3.39 and its 200 day moving average is $3.12.

Jerash Holdings (US) (NASDAQ:JRSH) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter. Jerash Holdings (US) had a negative return on equity of 5.48% and a negative net margin of 2.73%. The business had revenue of $40.24 million during the quarter.

Jerash Holdings (US) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 5.80%. Jerash Holdings (US)’s payout ratio is currently -68.97%.

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.