Jardine Matheson (OTCMKTS:JMHLY) Sets New 52-Week High - Time to Buy?

Key Points

• Jardine Matheson Holdings Ltd. achieved a new 52-week high share price of $61.35 during trading, indicating strong market performance.
• Analysts have downgraded the stock from a "strong-buy" rating to a "hold" rating, while one analyst maintains a "Strong Buy" rating, resulting in an average rating of "Buy".
• The company announced a dividend of $0.53, representing a 361.0% dividend yield, with the ex-dividend date set for August 22nd.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $61.35 and last traded at $61.19, with a volume of 3597 shares trading hands. The stock had previously closed at $60.49.

Wall Street Analyst Weigh In

Separately, Macquarie downgraded shares of Jardine Matheson from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy".

Jardine Matheson Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.24 and a quick ratio of 1.03. The firm's fifty day moving average is $56.81 and its two-hundred day moving average is $48.45.

Jardine Matheson Cuts Dividend

The business 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.