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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) gapped down before the market opened on Wednesday. The stock had previously closed at $56.69, but opened at $53.00. Jardine Matheson shares last traded at $53.00, with a volume of 1,236 shares.

Analysts Set New Price Targets

JMHLY has been the subject of several recent analyst reports. Zacks Research upgraded Jardine Matheson to a “hold” rating in a research report on Thursday, August 6th. Dbs Bank assumed coverage on Jardine Matheson in a research report on Monday, July 13th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jardine Matheson has an average rating of “Moderate Buy” and an average price target of $90.00.

Jardine Matheson Stock Performance

The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average of $60.61 and a two-hundred day moving average of $65.66.

Jardine Matheson Company Profile

Jardine Matheson Holdings Limited is a diversified Asian investment company with businesses spanning automotive, retail, property, engineering, hospitality and financial services. The group operates through a portfolio of established companies, including Jardine Motors Group, DFI Retail Group, Hongkong Land, Mandarin Oriental Hotel Group, Jardine Cycle & Carriage and Jardine Pacific.

Its businesses serve consumers and commercial customers across Hong Kong, mainland China, Southeast Asia and other international markets.