Singapore Exchange (OTCMKTS:SPXCY) Sets New 52-Week High – Time to Buy?

Singapore Exchange Limited (OTCMKTS:SPXCY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $38.4855 and last traded at $37.50, with a volume of 2876 shares. The stock had previously closed at $37.35.

Analysts Set New Price Targets

Separately, Zacks Research raised Singapore Exchange to a “strong-buy” rating in a report on Wednesday, June 24th. One equities research 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 Trading Up 0.1%

The stock’s 50-day simple moving average is $34.66 and its 200-day simple moving average is $30.75. The stock has a market cap of $20.00 billion and a price-to-earnings 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.