Jardine Matheson (OTCMKTS:JMHLY) Trading Down 5.5% – Time to Sell?

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) were down 5.5% on Thursday . The company traded as low as $64.25 and last traded at $64.27. Approximately 25,076 shares were traded during trading, an increase of 90% from the average daily volume of 13,184 shares. The stock had previously closed at $67.99.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley assumed coverage on Jardine Matheson in a report on Friday, May 15th. They set an “overweight” rating and a $90.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average price target of $90.00.

Jardine Matheson Trading Down 5.5%

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 50 day moving average of $72.32 and a two-hundred day moving average of $71.91.

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.