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Swire Pacific (OTCMKTS:SWRAY) Shares Gap Down - Here's What Happened

Swire Pacific logo with Multi-Sector Conglomerates background

Key Points

  • Swire Pacific Ltd. shares gapped down from $8.72 to $8.44 prior to market opening, with recent trading volume at 203 shares.
  • The company announced a dividend of $0.1463 per share to be paid on October 20th, reflecting a significant dividend yield of 462.0%.
  • Swire Pacific operates in various sectors including property, aviation, and beverages, with a debt-to-equity ratio of 0.24 indicating low leverage.
  • Five stocks to consider instead of Swire Pacific.

Swire Pacific Ltd. (OTCMKTS:SWRAY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $8.72, but opened at $8.44. Swire Pacific shares last traded at $8.44, with a volume of 203 shares trading hands.

Swire Pacific Stock Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.06 and a quick ratio of 0.92. The firm's 50 day moving average price is $8.88 and its 200-day moving average price is $8.70.

Swire Pacific Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, October 20th. Investors of record on Friday, September 12th will be given a $0.1463 dividend. This represents a dividend yield of 462.0%. The ex-dividend date is Thursday, September 11th.

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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