Jardine Matheson (OTCMKTS:JMHLY) Shares Down 0.3% - What's Next?

Key Points

• Shares of Jardine Matheson Holdings Ltd. fell 0.3%, trading between $59.53 and $60.55, with an increase in trading volume to 10,883 shares.
• Macquarie upgraded Jardine Matheson from a "hold" rating to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" from analysts.
• The company declared a $0.53 dividend to be paid on October 22nd, with a notable yield of 361.0%.

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) fell 0.3% on Tuesday . The stock traded as low as $59.53 and last traded at $60.55. 10,883 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 10,744 shares. The stock had previously closed at $60.75.

Wall Street Analyst Weigh In

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

Jardine Matheson Stock Down 0.3%

The firm has a 50 day moving average of $60.12 and a 200 day moving average of $51.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.03 and a current ratio of 1.24.

Jardine Matheson Cuts Dividend

The company 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 is Friday, August 22nd. This represents a 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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