Jardine Matheson (OTCMKTS:JMHLY) Sees Large Volume Increase - What's Next?

Key Points

• Jardine Matheson Holdings Ltd. experienced a significant 56% increase in trading volume, with 19,429 shares traded, while the stock is currently priced at $63.90.
• Macquarie has upgraded Jardine Matheson from a "hold" to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" among two equities research analysts.
• The company declared a $0.53 dividend to be paid on October 22nd, representing a remarkable dividend yield of 361.0%.

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) saw an uptick in trading volume on Tuesday . 19,429 shares traded hands during mid-day trading, an increase of 56% from the previous session's volume of 12,462 shares.The stock last traded at $63.90 and had previously closed at $64.38.

Wall Street Analysts Forecast Growth

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

Jardine Matheson Stock Performance

The firm has a fifty day simple moving average of $59.41 and a two-hundred day simple moving average of $50.52. 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 declared a dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a dividend yield of 361.0%.

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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