Jerash Holdings (US, Inc. (NASDAQ:) stock rose to a 52-week high of $3.58, reflecting a significant uptrend supported by the company’s strong performance. The company maintains a sound financial position with a strong current ratio of 3.14, offering investors Attractive dividend yield of 5.75%. InvestingPro The analysis reveals 12 additional key insights into JRSH’s financial health and growth potential. This achievement confirms the wonderful year achieved by Jerash Company, as the stock achieved a return of 20.58% over the past year and an amazing gain of 19.25% from the beginning of the year to date. Investors have shown increasing confidence in the company’s ability to maintain growth, as evidenced by the stock’s rise to this new peak. The 52-week high is a testament to Jerash’s strategic initiatives and operational excellence that continues to increase shareholder value. Notably, analysts maintain bullish expectations with price targets ranging from $4 to $5 per share. Discover more detailed insights and financial metrics by subscribing InvestingPro.
In other recent news, Jerash Holdings is in the spotlight with DA Davidson adjusting its price target for the company’s stock. Following the company’s September 2024 second-quarter results, which saw sales beat estimates and earnings per share meet expectations, DA Davidson raised its price target from $3.50 to $4.00. It was reported that the company’s manufacturing operations reached peak capacity, supported by the rise in US orders and the stable situation in Jordan.
However, following Q1 2025 results, DA Davidson revised its stock target for Jerash Holdings, lowering it to $3.50 from the previous $4.00. Although sales slightly exceeded expectations, profits declined due to increased costs associated with transportation and a backlog of orders. Regardless of these challenges, demand for Jerash products has remained strong, with manufacturing facilities operating at full capacity.
In another development, Jerash Holding Company announced a quarterly dividend of $0.05 per share, demonstrating its commitment to providing value to its shareholders. These dividends are scheduled to be paid to registered shareholders as of November 22, 2024. These are the latest developments surrounding Jerash Holding Company.
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