Jardine Matheson (OTCMKTS:JMHLY) Sets New 12-Month High – Here’s What Happened

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $60.26 and last traded at $60.26, with a volume of 5937 shares changing hands. The stock had previously closed at $59.18.

Wall Street Analysts Forecast Growth

Separately, Macquarie lowered Jardine Matheson from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Jardine Matheson presently has a consensus rating of “Buy”.

Jardine Matheson Stock Performance

The firm has a 50-day moving average of $53.96 and a 200-day moving average of $46.82. The company has a current ratio of 1.24, a quick ratio of 1.03 and a debt-to-equity ratio of 0.22.

Jardine Matheson Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, October 22nd. Investors of record on Monday, August 25th will be given a dividend of $0.53 per share. This represents a yield of 361.0%. The ex-dividend date is Friday, August 22nd.

About Jardine Matheson

Jardine Matheson Holdings Limited, through its subsidiaries, operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally.