Jardine Matheson (OTCMKTS:JMHLY) Trading Down 4.2% – Should You Sell?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s share price was down 4.2% on Thursday . The company traded as low as $58.92 and last traded at $58.92. 221 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 14,620 shares. The stock had previously closed at $61.52.

Analyst Upgrades and Downgrades

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

Jardine Matheson Price Performance

The business’s 50 day moving average is $66.36 and its 200 day moving average is $71.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.33.

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.