OTC Markets Group (OTCMKTS:OTCM) Shares Pass Above 200-Day Moving Average – Here’s Why

OTC Markets Group Inc. (OTCMKTS:OTCM)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $49.83 and traded as high as $53.00. OTC Markets Group shares last traded at $53.00, with a volume of 9,756 shares changing hands.

OTC Markets Group Stock Up 1.8 %

The stock has a market cap of $634.89 million, a PE ratio of 23.66, a P/E/G ratio of 2.48 and a beta of 0.54. The firm’s fifty day moving average price is $52.36 and its 200 day moving average price is $49.83.

OTC Markets Group (OTCMKTS:OTCM) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $27.39 million during the quarter, compared to the consensus estimate of $27.07 million. OTC Markets Group had a net margin of 24.63% and a return on equity of 70.24%. As a group, analysts anticipate that OTC Markets Group Inc. will post 2.4 earnings per share for the current fiscal year.

OTC Markets Group Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, December 5th. Investors of record on Friday, November 22nd were given a $1.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 11.17%. OTC Markets Group’s dividend payout ratio is currently 32.14%.

About OTC Markets Group

OTC Markets Group Inc operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market. The company's OTC Link Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.