Swire Pacific (OTCMKTS:SWRAY) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Swire Pacific Ltd. (OTCMKTS:SWRAY) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.63 and traded as high as $9.53. Swire Pacific shares last traded at $9.53, with a volume of 9,517 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Swire Pacific from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Swire Pacific Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.02. The company’s 50-day moving average is $8.53 and its two-hundred day moving average is $8.63.

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.