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

Jardine Matheson logo with Multi-Sector Conglomerates background

Key Points

  • Jardine Matheson Holdings Ltd. reached a new 52-week high of $57.40 during trading, marking significant growth from a previous close of $55.28.
  • Macquarie downgraded the company's stock rating from "strong-buy" to "hold", indicating a shift in analyst sentiment towards Jardine Matheson.
  • The company's financial health is demonstrated by a current ratio of 1.19 and a debt-to-equity ratio of 0.23, suggesting a stable position in its operations across various sectors.
  • Need Better Tools to Track Jardine Matheson? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.40 and last traded at $57.40, with a volume of 935 shares traded. The stock had previously closed at $55.28.

Analyst Upgrades and Downgrades

Separately, Macquarie cut shares of Jardine Matheson from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 29th.

Read Our Latest Stock Report on Jardine Matheson

Jardine Matheson Stock Up 0.7%

The firm's 50-day simple moving average is $49.50 and its 200-day simple moving average is $44.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.19.

About Jardine Matheson

(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.

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