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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $61.69, but opened at $58.26. Jardine Matheson shares last traded at $58.26, with a volume of 909 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JMHLY. Morgan Stanley began coverage on Jardine Matheson in a report on Friday, May 15th. They issued an “overweight” rating and a $90.00 price target for the company. Dbs Bank began coverage on Jardine Matheson in a research report on Monday, July 13th. They set a “buy” rating for the company. Finally, Zacks Research raised shares of Jardine Matheson to a “hold” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Jardine Matheson presently has an average rating of “Buy” and a consensus price target of $90.00.

Jardine Matheson Trading Up 0.5%

The firm’s 50 day moving average is $62.99 and its 200-day moving average is $69.30. 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.