Zacks Research cut shares of ASX (OTCMKTS:ASXFY – Free Report) from a hold rating to a strong sell rating in a research note published on Wednesday morning,Zacks.com reports.
ASX Trading Up 0.5%
Shares of ASX stock opened at $37.63 on Wednesday. The business’s fifty day simple moving average is $37.57 and its 200 day simple moving average is $37.40. ASX has a 12 month low of $32.12 and a 12 month high of $48.43.
About ASX
The Australian Securities Exchange (OTCMKTS:ASXFY) is Australia’s primary securities exchange operator, providing a comprehensive range of capital-markets services. Its core activities include the listing and trading of equities, exchange-traded funds, fixed income products, derivatives and commodities. ASX also operates clearing and settlement facilities through its Clearing House Electronic Subregister System (CHESS), ensuring the integrity and efficiency of post-trade processes for both domestic and international participants.
Established in 1987 through the merger of six state-based exchanges and demutualized in 1998, ASX has continually invested in market infrastructure and technology.
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