ASX (ASXFY) Expected to Announce Earnings on Wednesday

ASX (OTCMKTS:ASXFY) is expected to post its results before the market opens on Wednesday, August 12th. Analysts expect ASX to announce earnings of $0.9650 per share and revenue of $447.6050 million for the quarter.

ASX Stock Down 3.6%

Shares of OTCMKTS ASXFY opened at $40.40 on Tuesday. The business’s 50 day moving average is $36.90 and its two-hundred day moving average is $38.07. ASX has a 12 month low of $32.12 and a 12 month high of $45.74.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of ASX from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $57.00.

About ASX

The Australian Securities Exchange (OTCMKTS:ASXFY) is Australia’s primary securities exchange operator, providing a comprehensive range of capital-markets services. Its core activities include the listing and trading of equities, exchange-traded funds, fixed income products, derivatives and commodities. ASX also operates clearing and settlement facilities through its Clearing House Electronic Subregister System (CHESS), ensuring the integrity and efficiency of post-trade processes for both domestic and international participants.

Established in 1987 through the merger of six state-based exchanges and demutualized in 1998, ASX has continually invested in market infrastructure and technology.