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

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) gapped down prior to trading on Wednesday . The stock had previously closed at $74.01, but opened at $70.7801. Jardine Matheson shares last traded at $70.7801, with a volume of 1,397 shares changing hands.

Analysts Set New Price Targets

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

Jardine Matheson Stock Down 0.4%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.03 and a current ratio of 1.24. The company’s 50 day moving average price is $67.10 and its 200-day moving average price is $61.28.

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.