Swire Pacific (OTCMKTS:SWRAY) Shares Gap Up - Should You Buy?

Key Points

• Swire Pacific Ltd. shares gapped up, opening at $9.02 after closing at $8.61, with the last trade at $8.75.
• The company operates in various sectors including property, aviation, and beverages, with significant activities in Hong Kong, Mainland China, and the U.S..
• Swire Pacific's financial metrics indicate a debt-to-equity ratio of 0.24, reflecting a strong balance sheet relative to its equity.

Swire Pacific Ltd. (OTCMKTS:SWRAY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $8.61, but opened at $9.02. Swire Pacific shares last traded at $8.75, with a volume of 419 shares trading hands.

Swire Pacific Trading Up 1.1%

The stock's fifty day simple moving average is $8.88 and its two-hundred day simple moving average is $8.68. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.24.

Swire Pacific Dividend Announcement

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

About Swire Pacific

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.