Singapore Exchange (OTCMKTS:SPXCY) Reaches New 52-Week High – What’s Next?

Singapore Exchange Limited (OTCMKTS:SPXCY)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $38.6120 and last traded at $38.6120, with a volume of 286 shares changing hands. The stock had previously closed at $37.24.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Singapore Exchange to a “strong-buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Singapore Exchange Stock Up 2.1%

The stock has a fifty day simple moving average of $36.13 and a 200-day simple moving average of $32.30. The company has a market capitalization of $20.20 billion and a P/E ratio of 8.26.

About Singapore Exchange

Singapore Exchange Limited (SGX), trading on the OTCMKTS under the symbol SPXCY, is Singapore’s primary securities and derivatives exchange. The company operates multiple business segments, including the securities market, derivatives market, and post-trade services. On its securities market, SGX provides trading, clearing and settlement for equities, fixed income, exchange-traded funds (ETFs), real estate investment trusts (REITs), and structured products. Its derivatives platform offers futures and options on equity indices, single stocks, interest rates, foreign exchange, commodities and carbon credits.