Hong Kong Exchanges and Clearing (HKXCY) Projected to Release Quarterly Earnings on Wednesday

Hong Kong Exchanges and Clearing (OTCMKTS:HKXCY) is expected to be announcing its results before the market opens on Wednesday, August 19th. Analysts expect the company to announce earnings of $0.4830 per share and revenue of $1.0085 billion for the quarter.

Hong Kong Exchanges and Clearing Trading Down 3.2%

Shares of Hong Kong Exchanges and Clearing stock opened at $51.46 on Wednesday. Hong Kong Exchanges and Clearing has a 1 year low of $45.74 and a 1 year high of $59.49. The company has a 50-day moving average of $49.55 and a 200 day moving average of $51.50.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Hong Kong Exchanges and Clearing to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Hong Kong Exchanges and Clearing Company Profile

Hong Kong Exchanges and Clearing Limited (OTCMKTS: HKXCY) is one of Asia’s leading financial infrastructure providers, operating the primary securities and derivatives markets in Hong Kong. The company owns and manages the Stock Exchange of Hong Kong, Hong Kong Futures Exchange and the Hong Kong Securities Clearing Company, offering a comprehensive range of trading, clearing, settlement and depository services. Through its trading platforms, Hong Kong Exchanges and Clearing facilitates the issuance and trading of equities, exchange-traded funds, bonds and derivatives, catering to both institutional and retail investors.

In addition to its core securities and derivatives operations, Hong Kong Exchanges and Clearing provides market data, indices and technology solutions designed to enhance transparency and risk management.