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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $61.69, but opened at $58.26. Jardine Matheson shares last traded at $58.26, with a volume of 909 shares traded.

Analyst Ratings Changes

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

Jardine Matheson Stock Up 0.5%

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 price of $62.99 and a two-hundred day moving average price of $69.30.

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.