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

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

Wall Street Analyst Weigh In

Separately, 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 for the company. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average target price of $90.00.

Jardine Matheson Stock Performance

The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock’s 50-day moving average is $71.88 and its two-hundred day moving average is $71.88.

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.