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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $53.37, but opened at $56.1950. Jardine Matheson shares last traded at $55.1350, with a volume of 2,216 shares.

Wall Street Analyst Weigh In

Several equities research analysts have commented on JMHLY shares. Zacks Research raised shares of Jardine Matheson to a “hold” rating in a report on Thursday, August 6th. Dbs Bank initiated coverage on Jardine Matheson in a report on Monday, July 13th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $90.00.

Jardine Matheson Trading Up 2.9%

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 company’s 50-day moving average is $60.38 and its 200 day moving average is $65.50.

Jardine Matheson Company Profile

Jardine Matheson Holdings Limited is a diversified Asian investment company with businesses spanning automotive, retail, property, engineering, hospitality and financial services. The group operates through a portfolio of established companies, including Jardine Motors Group, DFI Retail Group, Hongkong Land, Mandarin Oriental Hotel Group, Jardine Cycle & Carriage and Jardine Pacific.

Its businesses serve consumers and commercial customers across Hong Kong, mainland China, Southeast Asia and other international markets.