Singapore Exchange (OTCMKTS:SPXCY) Reaches New 52-Week High – Still a Buy?

Singapore Exchange Limited (OTCMKTS:SPXCY)’s stock price hit a new 52-week high on Thursday . The company traded as high as $38.6120 and last traded at $38.6120, with a volume of 286 shares trading hands. The stock had previously closed at $37.24.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Singapore Exchange to a “strong-buy” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Singapore Exchange Price Performance

The stock has a market capitalization of $20.28 billion and a P/E ratio of 8.26. The company’s 50 day simple moving average is $36.24 and its two-hundred day simple moving average is $32.41.

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.