Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Down – Time to Sell?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares gapped down prior to trading on Thursday . The stock had previously closed at $63.25, but opened at $59.15. Jardine Matheson shares last traded at $62.4310, with a volume of 574 shares.

Wall Street Analyst Weigh In

Separately, Morgan Stanley initiated coverage on shares of Jardine Matheson in a research report on Friday, May 15th. They set an “overweight” rating and a $90.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and an average target price of $90.00.

Jardine Matheson Stock Up 4.4%

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.33. The company has a 50-day simple moving average of $65.82 and a two-hundred day simple moving average of $71.25.

Jardine Matheson Company Profile

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.