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

Shares of Swire Pacific Ltd. (OTCMKTS:SWRAY) gapped down before the market opened on Monday . The stock had previously closed at $8.34, but opened at $8.03. Swire Pacific shares last traded at $8.33, with a volume of 2,019 shares.

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 report on Thursday, November 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Swire Pacific Trading Down 0.5%

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 has a 50-day moving average of $8.48 and a 200-day moving average of $8.64.

About Swire Pacific

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.