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SJM (OTCMKTS:SJMHF) Sees Strong Trading Volume on Analyst Upgrade

SJM logo with Consumer Discretionary background

Key Points

  • SJM Holdings Ltd. (OTCMKTS:SJMHF) experienced a 178% increase in trading volume after being upgraded from an underperform to a hold rating by CLSA.
  • The stock currently trades at $0.35, having closed at $0.38 previously, indicating a potential fluctuation in investor sentiment.
  • Goldman Sachs reaffirmed a neutral rating on SJM shares, contributing to a consensus rating of "Hold" from three research analysts.
  • Interested in SJM? Here are five stocks we like better.

Shares of SJM Holdings Ltd. (OTCMKTS:SJMHF - Get Free Report) saw an uptick in trading volume on Thursday after CLSA upgraded the stock from an underperform rating to a hold rating. 4,167 shares were traded during trading, an increase of 178% from the previous session's volume of 1,497 shares.The stock last traded at $0.35 and had previously closed at $0.38.

Separately, The Goldman Sachs Group reissued a "neutral" rating on shares of SJM in a research note on Wednesday, July 2nd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Read Our Latest Analysis on SJM

SJM Stock Up 0.2%

The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 1.74. The stock's fifty day moving average is $0.38 and its two-hundred day moving average is $0.32.

SJM Company Profile

(Get Free Report)

SJM Holdings Limited, an investment holding company, owns, develops, and operates casinos and related facilities in Macau. The company operates through two segments, Gaming Operations; and Hotel, Catering, Retail and Leasing Operations. The Gaming Operations segment engages in rolling, non-rolling, and electronic game gaming operations.

Further Reading

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