Singapore Exchange (OTCMKTS:SPXCY) Sees Unusually-High Trading Volume – Still a Buy?

Singapore Exchange Limited (OTCMKTS:SPXCY) shares saw strong trading volume on Thursday. Approximately 64,557 shares changed hands during trading, an increase of 121% from the previous session’s volume of 29,255 shares. The stock last traded at $35.08 and had previously closed at $35.34.

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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Singapore Exchange has a consensus rating of “Hold”.

Singapore Exchange Stock Down 0.1%

The firm has a fifty day simple moving average of $37.81 and a 200 day simple moving average of $35.41.

About Singapore Exchange

Singapore Exchange Limited (SGX) operates Singapore’s securities and derivatives exchange. Its marketplace supports the listing and trading of equities, exchange-traded funds, real estate investment trusts, bonds and other securities, while its derivatives business offers contracts linked to equity indexes, commodities, currencies and interest rates.

SGX also provides market infrastructure and related services, including clearing, settlement, custody, market data, indices and connectivity solutions.