Swire Pacific (OTCMKTS:SWRAY) Sets New 12-Month High – Should You Buy?

Shares of Swire Pacific Ltd. (OTCMKTS:SWRAY) hit a new 52-week high during trading on Wednesday . The company traded as high as $12.00 and last traded at $11.16, with a volume of 7604 shares trading hands. The stock had previously closed at $11.06.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Swire Pacific from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Swire Pacific Trading Up 1.4%

The firm has a fifty day moving average of $10.37 and a 200 day moving average of $9.14. The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24.

Swire Pacific Company Profile

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.