Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Down – Time to Sell?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) gapped down prior to trading on Thursday . The stock had previously closed at $63.25, but opened at $59.15. Jardine Matheson shares last traded at $62.4310, with a volume of 574 shares.

Analysts Set New Price Targets

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

Jardine Matheson Stock Performance

The stock’s fifty day moving average price is $65.82 and its 200 day moving average price is $71.25. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.22.

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.