SWIRE PAC LTD/S (SWRAY) Downgraded to Hold at Zacks Investment Research

SWIRE PAC LTD/S (OTCMKTS:SWRAY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, 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. “

Shares of OTCMKTS:SWRAY traded down $0.01 during trading hours on Wednesday, hitting $12.22. 1,873 shares of the company’s stock traded hands, compared to its average volume of 9,306. SWIRE PAC LTD/S has a 52 week low of $9.77 and a 52 week high of $13.15.

About SWIRE PAC LTD/S

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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