Jardine Matheson (OTCMKTS:JMHLY) Shares Down 3.6% - What's Next?

Key Points

• Jardine Matheson Holdings Ltd. shares fell by 3.6%, closing at $61.71, with a significant drop in trading volume.
• Despite the recent decline in share price, Macquarie upgraded the stock from a "hold" to a "strong-buy" rating.
• The company plans to issue a dividend of $0.53 with a yield of 361.0%, with payments scheduled for October 22nd.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) shares dropped 3.6% on Wednesday . The company traded as low as $61.71 and last traded at $61.71. Approximately 4,714 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 12,507 shares. The stock had previously closed at $64.00.

Wall Street Analyst Weigh In

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

Jardine Matheson Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.03 and a current ratio of 1.24. The business's 50-day moving average price is $59.56 and its 200 day moving average price is $50.61.

Jardine Matheson Cuts Dividend

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

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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