Jardine Matheson (OTCMKTS:JMHLY) Sees Large Volume Increase – Time to Buy?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares saw unusually-strong trading volume on Monday . Approximately 448,885 shares were traded during mid-day trading, an increase of 3,495% from the previous session’s volume of 12,485 shares.The stock last traded at $19,481.0080 and had previously closed at $67.05.

Wall Street Analyst Weigh In

Separately, Macquarie raised 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, Based on data from MarketBeat, Jardine Matheson currently has a consensus rating of “Strong Buy”.

Jardine Matheson Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.24 and a quick ratio of 1.03. The business has a 50-day simple moving average of $63.71 and a 200-day simple moving average of $57.56.

Jardine Matheson Company Profile

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.