Jardine Matheson (OTCMKTS:JMHLY) Reaches New 12-Month High - Here's What Happened

Key Points

• Jardine Matheson Holdings Ltd. shares reached a new 52-week high of $58.25 during mid-day trading on Thursday and closed at $57.40.
• Macquarie recently dropped Jardine Matheson from a "strong-buy" rating to a "hold" rating.
• The company operates across multiple sectors, including motor vehicles, property, food retailing, and engineering, primarily in China and Southeast Asia.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $58.25 and last traded at $57.40, with a volume of 2752 shares. The stock had previously closed at $57.35.

Analyst Upgrades and Downgrades

Separately, Macquarie downgraded Jardine Matheson from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Jardine Matheson Trading Up 4.1%

The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The company's fifty day simple moving average is $51.55 and its 200 day simple moving average is $45.65.

Jardine Matheson Cuts Dividend

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

About Jardine Matheson

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.