Jardine Matheson (OTCMKTS:JMHLY) Sets New 1-Year Low – Here’s Why

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) reached a new 52-week low on Tuesday. The company traded as low as $54.41 and last traded at $54.65, with a volume of 2277 shares traded. The stock had previously closed at $56.69.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Dbs Bank assumed coverage on Jardine Matheson in a research report on Monday, July 13th. They set a “buy” rating for the company. Zacks Research upgraded Jardine Matheson to a “hold” rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Jardine Matheson presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Jardine Matheson Stock Down 3.9%

The firm’s fifty day simple moving average is $60.83 and its 200 day simple moving average is $65.81. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22.

Jardine Matheson Company Profile

Jardine Matheson Holdings Limited is a diversified investment company with a long-established presence in Asia. Founded in 1832, the group has developed from a trading business into a portfolio of businesses operating across consumer, automotive, property, retail, hospitality and financial services markets.

Its principal interests include Jardine Pacific, which owns or manages businesses in engineering, construction, transportation and other services; Jardine Motors, an automotive retail and distribution group; and Hongkong Land, a property company with commercial and residential developments in Asia.