Jardine Matheson (OTCMKTS:JMHLY) Stock Price Up 1.4% - Here's Why

Key Points

• Jardine Matheson Holdings Ltd. saw its stock price increase by 1.4% to $60.53, with trading volume rising by 103% compared to its average.
• Macquarie recently downgraded the company's stock rating from "strong-buy" to "hold", although the overall consensus remains a "Buy" rating.
• The company announced a dividend of $0.53 scheduled for October 22nd, representing a yield of 361.0%, with a record date of August 25th.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) shares traded up 1.4% during trading on Friday . The stock traded as high as $60.53 and last traded at $60.53. 16,943 shares were traded during mid-day trading, an increase of 103% from the average session volume of 8,352 shares. The stock had previously closed at $59.70.

Analysts Set New Price Targets

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

Jardine Matheson Stock Down 0.4%

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 stock's 50 day simple moving average is $57.72 and its 200-day simple moving average is $49.09.

Jardine Matheson Cuts Dividend

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

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.