Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Up – Here’s What Happened

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) gapped up prior to trading on Thursday . The stock had previously closed at $62.70, but opened at $67.49. Jardine Matheson shares last traded at $66.14, with a volume of 11,892 shares traded.

Analysts Set New Price Targets

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

Jardine Matheson Price Performance

The company has a quick ratio of 1.03, a current ratio of 1.24 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $61.60 and a 200 day moving average price of $54.43.

Jardine Matheson Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th were given a $0.53 dividend. This represents a yield of 361.0%. The ex-dividend date of this dividend was Friday, August 22nd.

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.