Jardine Matheson (OTCMKTS:JMHLY) Hits New 12-Month Low – Here’s What Happened

by · The Cerbat Gem

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY – Get Free Report)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $55.38 and last traded at $55.38, with a volume of 656 shares traded. The stock had previously closed at $58.35.

Analysts Set New Price Targets

A number of research firms recently issued reports on JMHLY. Dbs Bank started coverage on shares of Jardine Matheson in a research report on Monday, July 13th. They set a “buy” rating for the company. Morgan Stanley started coverage on shares of Jardine Matheson in a research report on Friday, May 15th. They set an “overweight” rating and a $90.00 price target on the stock. Finally, Zacks Research raised shares of Jardine Matheson to a “hold” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Jardine Matheson has an average rating of “Buy” and an average target price of $90.00.

Check Out Our Latest Research Report on JMHLY

Jardine Matheson Trading Down 0.1%

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 price of $62.15 and a two-hundred day moving average price of $67.90.

About Jardine Matheson

(Get Free Report)

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.

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