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Swire Pacific (OTCMKTS:SWRAY) Downgraded by Zacks Research to "Strong Sell"

Swire Pacific logo with Multi-Sector Conglomerates background

Key Points

  • Swire Pacific has been downgraded from a "hold" rating to a "strong sell" by Zacks Research, indicating a negative outlook for the company.
  • The stock opened at $8.44 with a fifty-two week low of $7.77 and a high of $9.63, reflecting volatility in its market performance.
  • Swire Pacific operates in diverse sectors including property, aviation, and beverages, primarily focusing on business in Hong Kong, Mainland China, and internationally.
  • MarketBeat previews top five stocks to own in November.

Swire Pacific (OTCMKTS:SWRAY - Get Free Report) was downgraded by research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued on Monday,Zacks.com reports.

Swire Pacific Stock Performance

Swire Pacific stock opened at $8.44 on Monday. 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 stock has a fifty day moving average of $8.81 and a two-hundred day moving average of $8.68. Swire Pacific has a fifty-two week low of $7.77 and a fifty-two week high of $9.63.

Swire Pacific Company Profile

(Get Free Report)

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.

Further Reading

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