Swire Pacific (OTCMKTS:SWRAY) Sees Strong Trading Volume – Here’s Why

Shares of Swire Pacific Ltd. (OTCMKTS:SWRAY) saw an uptick in trading volume on Wednesday . 51,384 shares were traded during trading, an increase of 63% from the previous session’s volume of 31,458 shares.The stock last traded at $10.52 and had previously closed at $10.15.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Swire Pacific from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Swire Pacific Price Performance

The firm has a fifty day simple moving average of $8.80 and a two-hundred day simple moving average of $8.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.02 and a quick ratio of 0.89.

About Swire Pacific

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.