Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Down - Time to Sell?

Key Points

• Jardine Matheson shares gapped down from a previous close of $59.30 to open at $56.36 before trading at $59.25 with a volume of 1,538 shares.
• Macquarie has downgraded Jardine Matheson from a "strong-buy" to a "hold" rating, resulting in an average rating of "Buy" from analysts.
• The company announced a dividend payment of $0.53 per share, yielding 361.0%, with the ex-dividend date set for August 22nd.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $59.30, but opened at $56.36. Jardine Matheson shares last traded at $59.25, with a volume of 1,538 shares traded.

Analysts Set New Price Targets

Separately, Macquarie lowered shares of Jardine Matheson from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy".

Jardine Matheson Price Performance

The company has a quick ratio of 1.03, a current ratio of 1.24 and a debt-to-equity ratio of 0.22. The firm's 50 day moving average is $56.36 and its two-hundred day moving average is $48.23.

Jardine Matheson Cuts Dividend

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

About Jardine Matheson

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.