Hong Kong Exchanges and Clearing (OTCMKTS:HKXCY) Shares Up 1.7% – Here’s Why

Hong Kong Exchanges and Clearing Limited (OTCMKTS:HKXCY) shares shot up 1.7% during mid-day trading on Monday. The stock traded as high as $48.78 and last traded at $48.69. 116,820 shares were traded during mid-day trading, a decline of 15% from the average session volume of 137,394 shares. The stock had previously closed at $47.88.

Hong Kong Exchanges and Clearing Trading Up 1.7%

The firm has a 50-day simple moving average of $51.48 and a two-hundred day simple moving average of $50.96.

Hong Kong Exchanges and Clearing (OTCMKTS:HKXCY) last announced its earnings results on Wednesday, August 19th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.01 billion.

Hong Kong Exchanges and Clearing Company Profile

Hong Kong Exchanges and Clearing Limited (HKEX) operates the financial-market infrastructure of Hong Kong. The company owns and operates the Stock Exchange of Hong Kong, Hong Kong Futures Exchange and Hong Kong Securities Clearing Company, providing trading, clearing, settlement and market data services across multiple asset classes.

HKEX supports markets for equities, exchange-traded funds, warrants, initial public offerings, equity derivatives, interest-rate and currency products, and commodities.