Jardine Matheson (OTCMKTS:JMHLY) Sets New 12-Month High – Here’s Why

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $68.99 and last traded at $68.0310, with a volume of 1225 shares. The stock had previously closed at $62.75.

Analysts Set New Price Targets

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

Jardine Matheson Stock Up 0.8%

The stock has a 50-day moving average of $62.41 and a two-hundred day moving average of $55.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.24 and a quick ratio of 1.03.

Jardine Matheson Company Profile

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.