Shares of Swire Pacific Ltd. (OTCMKTS:SWRAY – Get Free Report) shot up 5.2% during trading on Friday. The stock traded as high as $13.6095 and last traded at $13.6095. 273 shares were traded during trading, a decline of 99% from the average daily volume of 26,634 shares. The stock had previously closed at $12.94.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Swire Pacific from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.
Check Out Our Latest Research Report on Swire Pacific
Swire Pacific Price Performance
The company’s 50-day simple moving average is $13.20 and its 200 day simple moving average is $11.83.
Swire Pacific Company Profile
Swire Pacific Limited is a Hong Kong-based diversified business group with operations spanning property, beverages and food, aviation, marine services, and trading and industrial activities. The company is the listed parent of a range of businesses associated with the Swire Group and serves customers and commercial partners across Asia and selected international markets.
Its property division, Swire Properties, develops, owns and manages premium commercial, retail and residential projects, particularly in Hong Kong and mainland China.
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