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) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $58.25 and last traded at $57.40, with a volume of 2752 shares changing hands. The stock had previously closed at $57.35.

Analysts Set New Price Targets

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

Jardine Matheson Trading Up 0.1%

The company's 50-day moving average is $50.71 and its two-hundred day moving average is $45.21. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.19 and a quick ratio of 0.99.

Jardine Matheson Company Profile

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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