Singapore Exchange (OTCMKTS:SPXCY) Hits New 12-Month High – Here’s What Happened

Singapore Exchange Limited (OTCMKTS:SPXCY) hit a new 52-week high during trading on Wednesday . The company traded as high as $38.4855 and last traded at $37.50, with a volume of 2876 shares changing hands. The stock had previously closed at $37.35.

Wall Street Analyst Weigh In

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

Singapore Exchange Price Performance

The stock has a market cap of $19.93 billion and a price-to-earnings ratio of 8.26. The firm has a fifty day moving average of $34.80 and a 200 day moving average of $30.91.

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.