Jardine Matheson (OTCMKTS:JMHLY) Sees Unusually-High Trading Volume – Time to Buy?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares saw unusually-high trading volume on Tuesday . Approximately 19,136 shares traded hands during mid-day trading, an increase of 38% from the previous session’s volume of 13,835 shares.The stock last traded at $62.2550 and had previously closed at $61.9750.

Wall Street Analysts Forecast Growth

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

Jardine Matheson Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.33. The company’s 50-day moving average is $70.53 and its 200 day moving average is $71.89.

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.