Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Up – Here’s Why

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) gapped up prior to trading on Thursday . The stock had previously closed at $62.70, but opened at $67.49. Jardine Matheson shares last traded at $66.14, with a volume of 11,892 shares trading hands.

Analyst Upgrades and Downgrades

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

Jardine Matheson Price Performance

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 business has a fifty day simple moving average of $61.87 and a 200 day simple moving average of $54.68.

Jardine Matheson Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th were given a $0.53 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a yield of 361.0%.

About Jardine Matheson

Jardine Matheson Holdings Limited, through its subsidiaries, operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally.