Swire Pacific (OTCMKTS:SWRAY) Sees Large Volume Increase – Here’s Why

Shares of Swire Pacific Ltd. (OTCMKTS:SWRAY) saw strong trading volume on Friday . 80,101 shares were traded during mid-day 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 shares of Swire Pacific from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Swire Pacific Stock Up 1.0%

The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $8.44 and its 200 day moving average is $8.60.

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.