Swire Pacific (OTCMKTS:SWRAY) Raised to Strong-Buy at Zacks Research

Swire Pacific (OTCMKTS:SWRAY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Swire Pacific Stock Up 5.1%

Shares of OTCMKTS SWRAY opened at $9.26 on Wednesday. The company has a 50 day simple moving average of $8.47 and a two-hundred day simple moving average of $8.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.02. Swire Pacific has a 12 month low of $7.77 and a 12 month high of $9.63.

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.