Jardine Matheson (OTCMKTS:JMHLY) Hits New 1-Year High – Here’s Why

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s share price hit a new 52-week high on Wednesday . The company traded as high as $66.54 and last traded at $65.63, with a volume of 1069 shares. The stock had previously closed at $62.70.

Analysts Set New Price Targets

Separately, Macquarie raised shares of Jardine Matheson from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Jardine Matheson currently has an average rating of “Strong Buy”.

Jardine Matheson Trading Up 4.7%

The firm’s fifty day moving average price is $61.49 and its 200-day moving average price is $54.35. The company has a current ratio of 1.24, a quick ratio of 1.03 and a debt-to-equity ratio of 0.22.

Jardine Matheson Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a yield of 361.0%.

About Jardine Matheson

Jardine Matheson Holdings Limited, through its subsidiaries, operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally.