Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Down – Here’s Why

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $62.1245, but opened at $59.66. Jardine Matheson shares last traded at $62.5795, with a volume of 1,359 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JMHLY. Dbs Bank initiated coverage on shares of Jardine Matheson in a report on Monday, July 13th. They set a “buy” rating for the company. Morgan Stanley assumed coverage on shares of Jardine Matheson in a report on Friday, May 15th. They set an “overweight” rating and a $90.00 price target on the stock. Finally, Zacks Research upgraded shares of Jardine Matheson to a “hold” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Jardine Matheson has an average rating of “Buy” and a consensus price target of $90.00.

Jardine Matheson Trading Down 0.4%

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 has a fifty day simple moving average of $63.08 and a 200 day simple moving average of $69.83.

About Jardine Matheson

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.