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Jardine Matheson (OTCMKTS:JMHLY) Trading 1.4% Higher - What's Next?

Jardine Matheson logo with Multi-Sector Conglomerates background

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.
  • MarketBeat previews the top five stocks to own by October 1st.

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

Analyst Ratings Changes

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 issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy".

Check Out Our Latest Report on Jardine Matheson

Jardine Matheson Stock Up 1.4%

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 company's 50 day moving average is $57.45 and its 200 day moving average is $48.80.

Jardine Matheson Cuts Dividend

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

About Jardine Matheson

(Get Free Report)

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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