Jardine Matheson (OTCMKTS:JMHLY) Shares Up 5.4% – What’s Next?

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shot up 5.4% on Friday . The stock traded as high as $77.18 and last traded at $77.18. 452 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 12,020 shares. The stock had previously closed at $73.23.

Analysts Set New Price Targets

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

Jardine Matheson Price Performance

The stock’s 50-day moving average is $67.80 and its 200 day moving average is $61.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.24 and a quick ratio of 1.03.

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.