SJM (OTCMKTS:SJMHF) Shares Pass Above 200 Day Moving Average - Time to Sell?

Key Points

• SJM Holdings Ltd. stock price has crossed above its 200-day moving average of $0.33, reaching a trading high of $0.36 with a volume of 7,000 shares.
• The stock currently holds a consensus rating of "Hold", with recent analyst reports from Goldman Sachs reissuing a neutral rating and CLSA upgrading the stock from "underperform" to "hold."
• SJM operates in the casino industry in Macau and engages in various gaming operations, along with associated hotel and retail services.

SJM Holdings Ltd. (OTCMKTS:SJMHF - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.33 and traded as high as $0.36. SJM shares last traded at $0.36, with a volume of 7,000 shares.

Wall Street Analysts Forecast Growth

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

SJM Stock Performance

The stock has a 50-day simple moving average of $0.38 and a 200-day simple moving average of $0.33. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.47 and a quick ratio of 0.45.

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.