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Swire Pacific (OTCMKTS:SWRAY) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Swire Pacific logo with Multi-Sector Conglomerates background
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Key Points

  • Swire Pacific shares crossed above its 200‑day moving average, trading as high as $11.29 and last at $10.94 versus a 200‑day MA of $9.52, on volume of 13,601 shares (50‑day MA $10.87).
  • Zacks Research downgraded the stock from "strong‑buy" to "hold," and MarketBeat data shows the company's average analyst rating is currently "Hold."
  • Swire Pacific is a Hong Kong‑based diversified conglomerate with major operations in property development, aviation interests, beverages and cold‑chain distribution, and marine and trading & industrial services.
  • MarketBeat previews the top five stocks to own by June 1st.

Swire Pacific Ltd. (OTCMKTS:SWRAY - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.52 and traded as high as $11.29. Swire Pacific shares last traded at $10.94, with a volume of 13,601 shares traded.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Swire Pacific from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold".

Get Our Latest Stock Report on SWRAY

Swire Pacific Trading Up 0.2%

The firm's 50-day moving average price is $10.87 and its two-hundred day moving average price is $9.52. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Swire Pacific Company Profile

(Get Free Report)

Swire Pacific Limited is a Hong Kong–based diversified conglomerate and the publicly listed Asian arm of the long-established Swire Group. The company operates across multiple business segments, with major activities in property development and investment, aviation-related interests, beverages and cold‑chain distribution, marine and trading & industrial services. Its property arm is responsible for large-scale commercial and mixed‑use developments and investment portfolios in Hong Kong, Mainland China and selected international markets.

In aviation, Swire Pacific is a long‑standing shareholder in one of the region's principal carriers and supports aviation‑related operations and services.

Further Reading

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