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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $62.1245, but opened at $59.66. Jardine Matheson shares last traded at $62.5795, with a volume of 1,359 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JMHLY. Zacks Research upgraded shares of Jardine Matheson to a “hold” rating in a research report on Thursday, August 6th. Dbs Bank started coverage on shares of Jardine Matheson in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Finally, Morgan Stanley began coverage on Jardine Matheson in a report on Friday, May 15th. They issued an “overweight” rating and a $90.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $90.00.

Jardine Matheson Price Performance

The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $63.08 and a 200 day moving average of $69.83.

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.