Singapore Exchange (OTCMKTS:SPXCY) Sets New 1-Year High – Here’s What Happened

Shares of Singapore Exchange Limited (OTCMKTS:SPXCY) reached a new 52-week high on Thursday . The stock traded as high as $38.88 and last traded at $38.88, with a volume of 3269 shares traded. The stock had previously closed at $37.52.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Singapore Exchange to a “strong-buy” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Singapore Exchange Stock Up 2.3%

The firm has a market cap of $20.50 billion and a price-to-earnings ratio of 8.26. The business has a 50 day moving average of $36.43 and a 200 day moving average of $32.66.

Singapore Exchange Company Profile

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.