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Jardine Matheson (OTCMKTS:JMHLY) Hits New 52-Week High - Here's What Happened

Jardine Matheson logo with Multi-Sector Conglomerates background

Key Points

  • Jardine Matheson Holdings Ltd. reached a new 52-week high of $63.87 during trading, reflecting increased investor interest.
  • Analysts at Macquarie upgraded the company's stock rating from "hold" to "strong-buy," contributing to a current consensus rating of "Strong Buy."
  • The company has announced a dividend of $0.53, reflecting a high yield of 361.0%, to be paid on October 22nd to shareholders of record on August 25th.
  • Interested in Jardine Matheson? Here are five stocks we like better.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $63.87 and last traded at $63.87, with a volume of 188 shares changing hands. The stock had previously closed at $63.30.

Wall Street Analyst Weigh In

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

View Our Latest Research Report on Jardine Matheson

Jardine Matheson Stock Performance

The company has a 50 day moving average of $58.93 and a two-hundred day moving average of $49.99. The company has a quick ratio of 1.03, a current ratio of 1.24 and a debt-to-equity ratio of 0.22.

Jardine Matheson Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th will be issued a $0.53 dividend. This represents a yield of 361.0%. The ex-dividend date is Friday, August 22nd.

Jardine Matheson Company Profile

(Get Free Report)

Jardine Matheson Holdings Limited, through its subsidiaries, operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally.

Further Reading

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