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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares gapped down prior to trading on Monday . The stock had previously closed at $62.1245, but opened at $59.66. Jardine Matheson shares last traded at $62.5795, with a volume of 1,359 shares traded.

Wall Street Analysts Forecast Growth

JMHLY has been the topic of a number of recent research reports. Dbs Bank initiated coverage on Jardine Matheson in a research report on Monday, July 13th. They set a “buy” rating on the stock. Morgan Stanley assumed coverage on Jardine Matheson in a report on Friday, May 15th. They issued an “overweight” rating and a $90.00 target price for the company. Finally, Zacks Research raised Jardine Matheson to a “hold” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Jardine Matheson currently has an average rating of “Buy” and a consensus price target of $90.00.

Jardine Matheson Price Performance

The stock has a 50 day moving average of $63.10 and a 200-day moving average of $69.65. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22.

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.