SWIRE PAC LTD/S (OTCMKTS:SWRAY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of SWIRE PAC LTD/S (OTCMKTS:SWRAY) from a sell rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports.

According to Zacks, “SWIRE PACIFIC LIMITED is one of Hong Kong’s leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial. The company’s operations are predominantly based in the Greater China region, where the Swire group has been established for over 130 years. Swire Pacific seeks to foster long-term, sustainable growth through active participation in management, underpinned by a strong financial base. “

Separately, ValuEngine upgraded SWIRE PAC LTD/S from a sell rating to a hold rating in a report on Thursday, July 2nd.

Shares of SWRAY opened at $5.48 on Tuesday. SWIRE PAC LTD/S has a 12 month low of $5.19 and a 12 month high of $12.41. The stock has a fifty day moving average price of $5.65 and a 200-day moving average price of $7.40. The company has a current ratio of 1.08, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. The firm has a market cap of $21.88 billion, a PE ratio of 2.18 and a beta of 0.92.

SWIRE PAC LTD/S Company Profile

Swire Pacific Limited engages in property, aviation, beverages, marine services, and trading and industrial businesses in Hong Kong, Asia, the United States, and internationally. Its Property division develops, owns, and operates mixed-use properties. This division's property investment portfolio comprises office and retail premises, serviced apartments, other luxury residential accommodations, and commercial mixed-use developments; and trading portfolio consists of residential properties.

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