Jardine Matheson (OTCMKTS:JMHLY) Stock Price Down 4.2% – Should You Sell?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s stock price dropped 4.2% on Thursday . The stock traded as low as $58.92 and last traded at $58.92. Approximately 221 shares were traded during trading, a decline of 98% from the average session volume of 14,620 shares. The stock had previously closed at $61.52.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley initiated coverage on shares of Jardine Matheson in a research note on Friday, May 15th. They issued an “overweight” rating and a $90.00 target price for the company. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus target price of $90.00.

Jardine Matheson Stock Up 1.6%

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 company’s 50 day simple moving average is $66.79 and its 200 day simple moving average is $71.47.

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.