Swire Pacific (OTCMKTS:SWRAY) Downgraded by Zacks Research to “Hold”

Swire Pacific (OTCMKTS:SWRAY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Swire Pacific Price Performance

Shares of OTCMKTS:SWRAY opened at $10.42 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.02 and a quick ratio of 0.89. The firm has a fifty day simple moving average of $9.51 and a two-hundred day simple moving average of $8.86. Swire Pacific has a 52 week low of $7.77 and a 52 week 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.