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

Swire Pacific Ltd. (OTCMKTS:SWRAY) gapped down before the market opened on Tuesday. The stock had previously closed at $13.20, but opened at $12.65. Swire Pacific shares last traded at $13.15, with a volume of 2,010 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Swire Pacific from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Swire Pacific has an average rating of “Strong Buy”.

Swire Pacific Stock Performance

The company has a current ratio of 0.98, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $13.08 and a two-hundred day simple moving average of $11.68.

About Swire Pacific

Swire Pacific Limited is a Hong Kong-based diversified business group with operations spanning property, beverages and food, aviation, marine services, and trading and industrial activities. The company is the listed parent of a range of businesses associated with the Swire Group and serves customers and commercial partners across Asia and selected international markets.

Its property division, Swire Properties, develops, owns and manages premium commercial, retail and residential projects, particularly in Hong Kong and mainland China.