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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) gapped down before the market opened on Wednesday . The stock had previously closed at $65.9625, but opened at $60.20. Jardine Matheson shares last traded at $60.20, with a volume of 381 shares traded.

Analysts Set New Price Targets

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

Jardine Matheson Trading Down 1.3%

The business has a 50 day moving average price of $69.22 and a 200 day moving average price of $71.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.53.

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.