SJM (OTCMKTS:SJMHF) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• SJM Holdings Ltd.'s share price has crossed above its 200-day moving average, trading as high as $0.40 on Wednesday.
• Goldman Sachs has reissued a "neutral" rating on SJM shares, indicating a cautious outlook on the stock's performance.
• The company operates casinos and related facilities in Macau, with a debt-to-equity ratio of 1.74, suggesting a moderate level of financial leverage.

SJM Holdings Ltd. (OTCMKTS:SJMHF - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.31 and traded as high as $0.40. SJM shares last traded at $0.40, with a volume of 2,461 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of SJM in a research note on Wednesday, July 2nd.

SJM Price Performance

The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 1.74. The business's 50 day moving average is $0.34 and its 200 day moving average is $0.31.

SJM Company Profile

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.