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

Singapore Exchange Limited (OTCMKTS:SPXCY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $40.00 and last traded at $39.99, with a volume of 1555 shares. The stock had previously closed at $39.41.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Singapore Exchange from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Singapore Exchange currently has a consensus rating of “Hold”.

Singapore Exchange Stock Up 0.3%

The stock’s fifty day simple moving average is $37.79 and its 200 day simple moving average is $33.89.

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.