Swire Pacific (OTCMKTS:SWRAY) Shares Gap Down – What’s Next?

Shares of Swire Pacific Ltd. (OTCMKTS:SWRAY) gapped down before the market opened on Thursday . The stock had previously closed at $8.65, but opened at $8.36. Swire Pacific shares last traded at $8.36, with a volume of 3,119 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Swire Pacific from a “strong sell” rating to a “hold” rating in a report on Thursday, November 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Swire Pacific Trading Down 1.1%

The company’s 50-day simple moving average is $8.49 and its 200-day simple moving average is $8.65. 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 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.