Jardine Matheson (OTCMKTS:JMHLY) Reaches New 52-Week High – What’s Next?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $70.00 and last traded at $66.27, with a volume of 582 shares trading hands. The stock had previously closed at $67.2420.

Analyst Upgrades and Downgrades

Separately, Macquarie raised Jardine Matheson from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Jardine Matheson presently has an average 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 stock has a 50 day simple moving average of $65.02 and a two-hundred day simple moving average of $59.38.

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.