Jardine Matheson (OTCMKTS:JMHLY) Sees Strong Trading Volume – Still a Buy?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares saw strong trading volume on Monday . 448,885 shares traded hands during mid-day trading, an increase of 3,495% from the previous session’s volume of 12,485 shares.The stock last traded at $19,481.0080 and had previously closed at $67.05.

Wall Street Analysts Forecast Growth

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

Jardine Matheson Stock Down 1.3%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.03 and a current ratio of 1.24. The company’s 50-day moving average is $63.71 and its 200-day moving average is $57.56.

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.