Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Down – What’s Next?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $74.01, but opened at $70.7801. Jardine Matheson shares last traded at $70.7801, with a volume of 1,397 shares traded.

Analyst Upgrades and Downgrades

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

Jardine Matheson Trading Down 0.4%

The company has a current ratio of 1.24, a quick ratio of 1.03 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $67.10 and a two-hundred day moving average price of $61.28.

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.