Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Down - Here's What Happened

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 prior to trading 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Macquarie lowered shares of Jardine Matheson from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 29th. One research 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.com, the company presently 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 50 day moving average price is $56.36 and its two-hundred day moving average price is $48.12.

Jardine Matheson Cuts Dividend

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

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.