Jardine Matheson (OTCMKTS:JMHLY) Hits New 52-Week Low – Here’s Why

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $55.38 and last traded at $55.38, with a volume of 656 shares trading hands. The stock had previously closed at $58.35.

Analyst Ratings Changes

Several brokerages recently issued reports on JMHLY. Morgan Stanley assumed coverage on Jardine Matheson in a research note on Friday, May 15th. They issued an “overweight” rating and a $90.00 price objective on the stock. Zacks Research upgraded Jardine Matheson to a “hold” rating in a report on Thursday, August 6th. Finally, Dbs Bank assumed coverage on shares of Jardine Matheson in a research note on Monday, July 13th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Jardine Matheson currently has a consensus rating of “Buy” and a consensus target price of $90.00.

Jardine Matheson Stock Performance

The business has a 50-day moving average of $62.15 and a two-hundred day moving average of $67.90. 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.