OTC Markets Group (OTCMKTS:OTCM) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of OTC Markets Group Inc. (OTCMKTS:OTCM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.01 and traded as high as $54.00. OTC Markets Group shares last traded at $53.20, with a volume of 3,400 shares.

OTC Markets Group Stock Down 1.5 %

The business has a 50-day simple moving average of $52.48 and a two-hundred day simple moving average of $50.01. The stock has a market capitalization of $637.34 million, a price-to-earnings ratio of 23.75, a P/E/G ratio of 2.26 and a beta of 0.54.

OTC Markets Group (OTCMKTS:OTCM) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. OTC Markets Group had a net margin of 24.63% and a return on equity of 70.24%. The firm had revenue of $27.39 million for the quarter, compared to analysts’ expectations of $27.07 million. On average, analysts forecast that OTC Markets Group Inc. will post 2.4 EPS for the current year.

OTC Markets Group Announces Dividend

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

OTC Markets Group Company Profile

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.