Zacks Research Downgrades Swire Pacific (OTCMKTS:SWRAY) to Strong Sell

Swire Pacific (OTCMKTS:SWRAY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

Swire Pacific Trading Down 1.0%

Shares of OTCMKTS:SWRAY opened at $8.44 on Monday. Swire Pacific has a 1-year low of $7.77 and a 1-year high of $9.63. The business’s 50 day moving average is $8.81 and its 200-day moving average is $8.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.02 and a quick ratio of 0.89.

Swire Pacific Company Profile

Swire Pacific Limited engages in property, aviation, beverages, marine, and trading and industrial businesses in Hong Kong, Mainland China, rest of Asia, the United States, and internationally. The company's Property division develops, owns, and operates mixed-use properties. This division's property investment portfolio comprises office and retail premises, serviced apartments, and other luxury residential accommodations; and trading portfolio consists of residential properties.