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

Singapore Exchange Limited (OTCMKTS:SPXCY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $39.54 and last traded at $39.49, with a volume of 10609 shares. The stock had previously closed at $38.4640.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of 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 data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Singapore Exchange Stock Down 0.4%

The company has a 50 day simple moving average of $36.97 and a two-hundred day simple moving average of $33.14.

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.