Singapore Exchange (OTCMKTS:SPXCY) Hits New 12-Month High – Should You Buy?

Singapore Exchange Limited (OTCMKTS:SPXCY)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $38.88 and last traded at $38.88, with a volume of 3269 shares changing hands. The stock had previously closed at $37.52.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Singapore Exchange to a “strong-buy” rating in a research note on Wednesday, June 24th. One investment 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 Price Performance

The company’s 50-day moving average is $36.43 and its 200-day moving average is $32.66. The firm has a market capitalization of $20.50 billion and a price-to-earnings ratio of 8.26.

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.