Swire Pacific (OTCMKTS:SWRAY) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Swire Pacific (OTCMKTS:SWRAY) from a strong-buy rating to a hold rating in a report released on Wednesday,Zacks.com reports.

Swire Pacific Price Performance

Swire Pacific stock opened at $10.32 on Wednesday. The stock has a 50-day moving average price of $9.55 and a two-hundred day moving average price of $8.87. Swire Pacific has a 12 month low of $7.77 and a 12 month high of $10.75. The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24.

Swire Pacific Company Profile

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.