Swire Pacific (OTCMKTS:SWRAY) Lowered to Hold Rating by Zacks Research

Zacks Research downgraded shares of Swire Pacific (OTCMKTS:SWRAY) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Swire Pacific Trading Up 1.7%

Shares of OTCMKTS SWRAY opened at $10.42 on Wednesday. The business’s 50 day moving average is $9.51 and its 200-day moving average is $8.86. The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. Swire Pacific has a 1-year low of $7.77 and a 1-year high of $10.75.

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.