Jardine Matheson (OTCMKTS:JMHLY) Hits New 1-Year High – Time to Buy?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) reached a new 52-week high on Monday . The company traded as high as $75.25 and last traded at $75.25, with a volume of 1994 shares. The stock had previously closed at $74.70.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised Jardine Matheson from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Jardine Matheson Stock Performance

The business has a 50 day simple moving average of $66.62 and a two-hundred day simple moving average of $60.91. The company has a current ratio of 1.24, a quick ratio of 1.03 and a debt-to-equity ratio of 0.22.

Jardine Matheson Company Profile

Jardine Matheson Holdings Limited is a Bermuda-registered investment holding company with a primary listing on the Hong Kong Stock Exchange and American depositary shares trading on the OTC Markets under the symbol JMHLY. Established in 1832 by William Jardine and James Matheson, the group has evolved from a trading house in Canton to a diversified conglomerate with operations throughout Asia.

The company holds controlling interests in a portfolio of businesses spanning property, retail, hospitality, automotive, and engineering.