Jardine Matheson (OTCMKTS:JMHLY) Trading Down 4.2% – Time to Sell?

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLYGet Free Report) traded down 4.2% on Thursday . The stock traded as low as $58.92 and last traded at $58.92. Approximately 221 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 14,620 shares. The stock had previously closed at $61.52.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley assumed coverage on Jardine Matheson in a research note on Friday, May 15th. They issued an “overweight” rating and a $90.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, Jardine Matheson currently has an average rating of “Strong Buy” and a consensus price target of $90.00.

Read Our Latest Stock Analysis on Jardine Matheson

Jardine Matheson Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.33. The firm’s 50-day simple moving average is $66.79 and its 200 day simple moving average is $71.47.

About Jardine Matheson

(Get Free Report)

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.

Further Reading

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