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 Wednesday . The stock had previously closed at $65.9625, but opened at $60.20. Jardine Matheson shares last traded at $60.20, with a volume of 381 shares changing hands.

Analyst Upgrades and Downgrades

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

Jardine Matheson Trading Down 1.3%

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 company has a fifty day moving average price of $69.22 and a 200-day moving average price of $71.83.

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.