Swire Pacific (OTCMKTS:SWRAY) Hits New 52-Week High – Here’s Why

Shares of Swire Pacific Ltd. (OTCMKTS:SWRAY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.88 and last traded at $9.8530, with a volume of 16744 shares changing hands. The stock had previously closed at $9.55.

Analyst Upgrades and Downgrades

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

Swire Pacific Stock Up 2.4%

The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $8.71 and a 200-day moving average price of $8.68.

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.