Swire Pacific (OTCMKTS:SWRAY) Sees Strong Trading Volume – What’s Next?
by Amy Steele · The Cerbat GemSwire Pacific Ltd. (OTCMKTS:SWRAY – Get Free Report) shares saw an uptick in trading volume on Friday . 80,101 shares were traded during trading, an increase of 62% from the previous session’s volume of 49,580 shares.The stock last traded at $8.49 and had previously closed at $8.21.
Analysts Set New Price Targets
Separately, Zacks Research raised Swire Pacific from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.
Get Our Latest Stock Analysis on Swire Pacific
Swire Pacific Trading Up 0.5%
The company’s 50-day simple moving average is $8.43 and its 200-day simple moving average is $8.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.02 and a quick ratio of 0.89.
About Swire Pacific
Swire Pacific Limited is a Hong Kong–based diversified conglomerate and the publicly listed Asian arm of the long-established Swire Group. The company operates across multiple business segments, with major activities in property development and investment, aviation-related interests, beverages and cold‑chain distribution, marine and trading & industrial services. Its property arm is responsible for large-scale commercial and mixed‑use developments and investment portfolios in Hong Kong, Mainland China and selected international markets.
In aviation, Swire Pacific is a long‑standing shareholder in one of the region’s principal carriers and supports aviation‑related operations and services.