Swire Pacific (OTCMKTS:SWRAY) Stock Passes Above 200-Day Moving Average of $5.98

Swire Pacific Limited (OTCMKTS:SWRAY)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.98 and traded as high as $7.34. Swire Pacific shares last traded at $7.24, with a volume of 25,521 shares.

Separately, Zacks Investment Research raised shares of Swire Pacific from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a report on Tuesday, January 26th.

The company’s fifty day moving average is $7.22 and its 200-day moving average is $5.99. The company has a market capitalization of $28.45 billion, a PE ratio of 2.92 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 1.40.

About Swire Pacific (OTCMKTS:SWRAY)

Swire Pacific Limited engages in property, aviation, beverages, marine services, and trading and industrial businesses in Hong Kong, Asia, the United States, and internationally. Its Property division develops, owns, and operates mixed-use properties. This division's property investment portfolio comprises office and retail premises, serviced apartments, other luxury residential accommodations, and commercial mixed-use developments; and trading portfolio consists of residential properties.

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