Swire Pacific (OTCMKTS:SWRAY) Shares Gap Up – Here’s Why

Swire Pacific Ltd. (OTCMKTS:SWRAY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $13.63, but opened at $14.28. Swire Pacific shares last traded at $13.80, with a volume of 624 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Swire Pacific from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Swire Pacific Stock Down 2.0%

The firm’s fifty day simple moving average is $12.45 and its 200 day simple moving average is $11.40. The company has a current ratio of 0.98, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23.

About Swire Pacific

Swire Pacific Limited is a Hong Kong-based diversified investment company with roots in the Swire Group, whose business history dates back to the early 19th century. The company operates as a holding group with interests spanning property, beverages and food, aviation, marine services, and trading and industrial activities.

Its property business, conducted primarily through Swire Properties, develops, owns and manages commercial, retail, hotel and residential projects, particularly in Hong Kong and the Chinese mainland.