Swire Pacific (OTCMKTS:SWRAY) Shares Gap Down – Time to Sell?

Swire Pacific Ltd. (OTCMKTS:SWRAY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $8.28, but opened at $7.99. Swire Pacific shares last traded at $7.99, with a volume of 583 shares traded.

Wall Street Analyst Weigh In

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

Swire Pacific Stock Performance

The firm’s fifty day moving average is $8.75 and its 200-day moving average is $8.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.02 and a quick ratio of 0.89.

Swire Pacific Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, September 12th will be given a $0.1463 dividend. This represents a yield of 462.0%. The ex-dividend date of this dividend is Thursday, September 11th.

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.