Jardine Matheson (OTCMKTS:JMHLY) Stock Price Up 5.4% – Still a Buy?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares were up 5.4% during trading on Friday . The stock traded as high as $77.18 and last traded at $77.18. Approximately 452 shares were traded during trading, a decline of 96% from the average daily volume of 12,020 shares. The stock had previously closed at $73.23.

Analyst Ratings Changes

Separately, Macquarie raised shares of Jardine Matheson from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Jardine Matheson currently has a consensus rating of “Strong Buy”.

Jardine Matheson Stock Up 1.2%

The business’s 50-day simple moving average is $67.55 and its two-hundred day simple moving average is $61.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.03 and a current ratio of 1.24.

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.