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SJM (OTCMKTS:SJMHF) Trading 14.9% Higher - Here's What Happened

SJM logo with Consumer Discretionary background

Key Points

  • SJM Holdings Ltd. (OTCMKTS:SJMHF) experienced a significant stock increase of 14.9%, reaching a trading price of $0.39, with a surge in trading volume by 96%.
  • Goldman Sachs has maintained a "neutral" rating on SJM shares, reflecting cautious optimism amidst the company's stock performance.
  • SJM Holdings operates casinos and related facilities in Macau, split into Gaming Operations and Hotel, Catering, Retail, and Leasing Operations segments.
  • Want stock alerts on SJM? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of SJM Holdings Ltd. (OTCMKTS:SJMHF - Get Free Report) rose 14.9% during trading on Friday . The stock traded as high as $0.39 and last traded at $0.39. Approximately 100 shares traded hands during trading, an increase of 96% from the average daily volume of 51 shares. The stock had previously closed at $0.34.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on SJM

SJM Stock Performance

The company's 50 day simple moving average is $0.33 and its 200 day simple moving average is $0.31. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.45 and a current ratio of 0.47.

About SJM

(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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