Jardine Matheson (OTCMKTS:JMHLY) Sets New 52-Week High – Here’s What Happened

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $70.00 and last traded at $66.27, with a volume of 582 shares changing hands. The stock had previously closed at $67.2420.

Wall Street Analysts Forecast Growth

Separately, Macquarie upgraded Jardine Matheson from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Jardine Matheson presently has an average rating of “Strong Buy”.

Jardine Matheson Price Performance

The business has a fifty day simple moving average of $65.02 and a 200 day simple moving average of $59.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.24 and a quick ratio of 1.03.

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.