Jardine Matheson (OTCMKTS:JMHLY) Trading Down 5.5% – Time to Sell?

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) were down 5.5% during mid-day trading on Thursday . The stock traded as low as $64.25 and last traded at $64.27. Approximately 25,076 shares were traded during mid-day trading, an increase of 90% from the average daily volume of 13,184 shares. The stock had previously closed at $67.99.

Wall Street Analysts Forecast Growth

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

Jardine Matheson Trading Down 5.5%

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.33. The firm has a 50-day moving average of $72.32 and a 200-day moving average of $71.91.

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.