Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Down - Should You Sell?

Key Points

• Jardine Matheson Holdings Ltd. shares experienced a notable drop, opening at $60.33 after closing at $65.06, and last traded at $63.52.
• Macquarie upgraded Jardine Matheson from a "hold" to a "strong-buy" rating, contributing to an average analyst rating of "Strong Buy" for the stock.
• The company announced a dividend of $0.53 per share, which represents a yield of 361.0%, set to be paid on October 22nd.

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $65.06, but opened at $60.33. Jardine Matheson shares last traded at $63.52, with a volume of 811 shares traded.

Analysts Set New Price Targets

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

Jardine Matheson Stock Down 3.3%

The business's 50 day moving average is $60.65 and its 200 day moving average is $51.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.24 and a quick ratio of 1.03.

Jardine Matheson Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th will be paid a dividend of $0.53 per share. This represents a 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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