Jardine Matheson (OTCMKTS:JMHLY) Stock Price Up 5.4% – Still a Buy?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) was up 5.4% during mid-day trading on Friday . The company traded as high as $77.18 and last traded at $77.18. Approximately 452 shares traded hands during trading, a decline of 96% from the average daily volume of 12,020 shares. The stock had previously closed at $73.23.

Analysts Set New Price Targets

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

Jardine Matheson Trading Up 1.2%

The company’s 50-day moving average price is $67.55 and its 200-day moving average price is $61.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.24 and a quick ratio of 1.03.

About Jardine Matheson

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.