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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares gapped down prior to trading on Monday . The stock had previously closed at $62.84, but opened at $60.14. Jardine Matheson shares last traded at $60.14, with a volume of 238 shares trading hands.

Analyst Ratings Changes

Separately, Morgan Stanley initiated 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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and an average target price of $90.00.

Jardine Matheson Stock Up 1.7%

The business’s 50-day simple moving average is $67.49 and its 200-day simple moving average is $71.60. 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 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.