Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Down – Here’s What Happened

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) gapped down prior to trading on Wednesday . The stock had previously closed at $65.9625, but opened at $60.20. Jardine Matheson shares last traded at $60.20, with a volume of 381 shares traded.

Analysts Set New Price Targets

Separately, Morgan Stanley began coverage on Jardine Matheson in a research note on Friday, May 15th. They set an “overweight” rating and a $90.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus 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 stock has a 50 day moving average price of $68.79 and a 200 day moving average price of $71.79.

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.