Swire Pacific (OTCMKTS:SWRAY) Shares Pass Above 200-Day Moving Average – What’s Next?

Swire Pacific Ltd. (OTCMKTS:SWRAY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.66 and traded as high as $8.70. Swire Pacific shares last traded at $8.67, with a volume of 40,535 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Swire Pacific from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Swire Pacific Stock Up 0.6%

The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average is $8.48 and its two-hundred day moving average is $8.66.

Swire Pacific Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, September 12th were paid a $0.1463 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a dividend yield of 462.0%.

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.