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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) gapped down prior to trading on Monday . The stock had previously closed at $62.84, but opened at $60.14. Jardine Matheson shares last traded at $60.14, with a volume of 238 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley began coverage on Jardine Matheson in a report on Friday, May 15th. They issued an “overweight” rating and a $90.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy” and an average price target of $90.00.

Jardine Matheson Stock Performance

The stock’s 50 day moving average is $67.03 and its two-hundred day moving average is $71.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.53.

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.