Jardine Matheson (OTCMKTS:JMHLY) Reaches New 52-Week High – Should You Buy?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $71.00 and last traded at $71.00, with a volume of 2156 shares changing hands. The stock had previously closed at $67.30.

Analyst Upgrades and Downgrades

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

Jardine Matheson Stock Performance

The company has a quick ratio of 1.03, a current ratio of 1.24 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average is $65.62 and its 200 day moving average is $60.18.

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.