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SJM (OTCMKTS:SJMHF) Trading 4.6% Higher - Here's Why

SJM logo with Consumer Discretionary background

Key Points

  • SJM Holdings Ltd. saw its stock price rise by 4.6% to $0.38, although trading volume decreased by 17% compared to the average session.
  • CLSA upgraded SJM from an "underperform" to a "hold" rating, while Goldman Sachs reaffirmed its "neutral" rating, contributing to a general sentiment of cautious optimism among analysts.
  • The company operates casinos and related facilities in Macau and reported a 50-day moving average of $0.38 and a 200-day moving average of $0.34.
  • MarketBeat previews the top five stocks to own by November 1st.

SJM Holdings Ltd. (OTCMKTS:SJMHF - Get Free Report)'s stock price traded up 4.6% during mid-day trading on Tuesday . The company traded as high as $0.38 and last traded at $0.38. 850 shares traded hands during trading, a decline of 17% from the average session volume of 1,028 shares. The stock had previously closed at $0.36.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on SJM

SJM Price Performance

The business has a 50 day simple moving average of $0.38 and a two-hundred day simple moving average of $0.34.

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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