Hong Kong Exchanges and Clearing (OTCMKTS:HKXCY) Shares Climb 1.7% – Time to Buy?

Hong Kong Exchanges and Clearing Limited (OTCMKTS:HKXCY)’s stock price shot up 1.7% during mid-day trading on Monday. The company traded as high as $48.78 and last traded at $48.69. Approximately 116,820 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 137,394 shares. The stock had previously closed at $47.88.

Hong Kong Exchanges and Clearing Stock Down 0.9%

The company has a 50 day moving average of $51.41 and a two-hundred day moving average of $50.94.

Hong Kong Exchanges and Clearing (OTCMKTS:HKXCY) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.01 billion.

Hong Kong Exchanges and Clearing Company Profile

Hong Kong Exchanges and Clearing Limited (HKEX) operates the financial-market infrastructure of Hong Kong. The company owns and operates the Stock Exchange of Hong Kong, Hong Kong Futures Exchange and Hong Kong Securities Clearing Company, providing trading, clearing, settlement and market data services across multiple asset classes.

HKEX supports markets for equities, exchange-traded funds, warrants, initial public offerings, equity derivatives, interest-rate and currency products, and commodities.