Jardine Matheson (OTCMKTS:JMHLY) Shares Down 0.2% - Here's What Happened

Key Points

• Jardine Matheson Holdings Ltd. stock decreased by 0.2% to last trade at $56.25, with trading volume up by 19% compared to the average session.
• Analysts from Macquarie have downgraded Jardine Matheson's rating from "strong-buy" to "hold" in a recent report.
• The company's financial ratios show a debt-to-equity ratio of 0.23, indicating low leverage, which may influence investor sentiment.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report)'s share price traded down 0.2% during trading on Monday . The company traded as low as $55.45 and last traded at $56.25. 9,126 shares were traded during mid-day trading, an increase of 19% from the average session volume of 7,646 shares. The stock had previously closed at $56.38.

Analyst Upgrades and Downgrades

Separately, Macquarie lowered Jardine Matheson from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 29th.

Jardine Matheson Price Performance

The company has a 50 day moving average of $48.60 and a 200-day moving average of $44.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.19.

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.