Singapore Exchange (OTCMKTS:SPXCY) Sets New 1-Year High – Still a Buy?

Shares of Singapore Exchange Limited (OTCMKTS:SPXCY) hit a new 52-week high on Tuesday . The company traded as high as $39.80 and last traded at $39.54, with a volume of 28118 shares traded. The stock had previously closed at $39.3410.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Singapore Exchange from a “strong-buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Singapore Exchange Stock Performance

The company’s 50 day moving average price is $37.44 and its 200-day moving average price is $33.47.

Singapore Exchange Company Profile

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.