Jardine Matheson (OTCMKTS:JMHLY) Sets New 1-Year High – Time to Buy?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $61.35 and last traded at $61.19, with a volume of 3597 shares trading hands. The stock had previously closed at $60.49.

Analyst Upgrades and Downgrades

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

Jardine Matheson Stock Performance

The company’s 50 day moving average is $56.36 and its 200 day moving average is $48.17. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.24 and a quick ratio of 1.03.

Jardine Matheson Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a yield of 361.0%.

Jardine Matheson Company Profile

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.