Swire Pacific (OTCMKTS:SWRAY) Hits New 12-Month High – Still a Buy?

Shares of Swire Pacific Ltd. (OTCMKTS:SWRAY) reached a new 52-week high during trading on Tuesday . The company traded as high as $600.14 and last traded at $600.14, with a volume of 3318242 shares traded. The stock had previously closed at $9.0590.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Swire Pacific from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Swire Pacific Trading Down 1.4%

The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $8.50 and a 200-day moving average price of $8.67.

Swire Pacific Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, September 12th were issued a dividend of $0.1463 per share. This represents a yield of 462.0%. The ex-dividend date was Thursday, September 11th.

Swire Pacific Company Profile

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.