SJM (OTCMKTS:SJMHF) Shares Gap Up - Still a Buy?

Key Points

• SJM Holdings Ltd. shares experienced a price increase from $0.36 to $0.38, indicating a positive market response ahead of trading.
• Analysts have upgraded the stock's rating from "underperform" to "hold", while the consensus rating remains a "hold" according to MarketBeat data.
• The company's financial ratios indicate a relatively high debt-to-equity ratio of 1.74, suggesting concerns regarding leverage and liquidity.

SJM Holdings Ltd. (OTCMKTS:SJMHF - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $0.36, but opened at $0.38. SJM shares last traded at $0.36, with a volume of 10,165 shares.

Analyst Ratings Changes

Several research firms have commented on SJMHF. The Goldman Sachs Group restated a "neutral" rating on shares of SJM in a report on Wednesday, July 2nd. CLSA upgraded SJM from an "underperform" rating to a "hold" rating in a report on Wednesday, September 3rd. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold".

SJM Stock Up 0.7%

The company has a debt-to-equity ratio of 1.74, a current ratio of 0.47 and a quick ratio of 0.45. The stock has a 50-day moving average price of $0.38 and a two-hundred day moving average price of $0.33.

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.