SJM (OTCMKTS:SJMHF) Sees Unusually-High Trading Volume on Analyst Upgrade

Shares of SJM Holdings Ltd. (OTCMKTS:SJMHF) saw strong trading volume on Thursday after CLSA upgraded the stock from an underperform rating to a hold rating. 4,167 shares traded hands during mid-day trading, an increase of 178% from the previous session’s volume of 1,497 shares.The stock last traded at $0.35 and had previously closed at $0.38.

Separately, The Goldman Sachs Group restated a “neutral” rating on shares of SJM in a research report on Wednesday, July 2nd. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, SJM has an average rating of “Hold”.

SJM Trading Down 7.4%

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 of $0.38 and a 200 day moving average of $0.32.

About SJM

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.