Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Down – What’s Next?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $61.69, but opened at $58.26. Jardine Matheson shares last traded at $58.26, with a volume of 909 shares traded.

Analyst Ratings Changes

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

Jardine Matheson Stock Down 1.8%

The company has a 50 day simple moving average of $62.88 and a 200 day simple moving average of $69.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.53.

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.