OTC Markets Group (OTCMKTS:OTCM) Stock Crosses Above 200 Day Moving Average – What’s Next?

OTC Markets Group Inc. (OTCMKTS:OTCM) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $49.47 and traded as high as $50.45. OTC Markets Group shares last traded at $49.51, with a volume of 2,076 shares trading hands.

OTC Markets Group Price Performance

The stock’s 50 day simple moving average is $48.17 and its two-hundred day simple moving average is $49.47. The stock has a market capitalization of $593.13 million, a PE ratio of 22.10, a PEG ratio of 2.38 and a beta of 0.54.

OTC Markets Group (OTCMKTS:OTCM) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). OTC Markets Group had a net margin of 24.67% and a return on equity of 71.64%. The firm had revenue of $27.56 million during the quarter, compared to analysts’ expectations of $28.06 million. As a group, equities research analysts predict that OTC Markets Group Inc. will post 2.36 earnings per share for the current fiscal year.

OTC Markets Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, September 5th. OTC Markets Group’s dividend payout ratio (DPR) 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.