Swire Pacific (OTCMKTS:SWRAY) Shares Gap Down – Here’s Why

Shares of Swire Pacific Ltd. (OTCMKTS:SWRAY) gapped down prior to trading on Thursday . The stock had previously closed at $8.65, but opened at $8.36. Swire Pacific shares last traded at $8.36, with a volume of 3,119 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Swire Pacific from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Swire Pacific currently has a consensus rating of “Hold”.

Swire Pacific Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $8.49 and its two-hundred day simple moving average is $8.65.

Swire Pacific Announces Dividend

The business also recently announced a dividend, which was paid on Monday, October 20th. Investors of record on Friday, September 12th were paid a $0.1463 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a yield of 462.0%.

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.