OTC Markets Group (OTCMKTS:OTCM) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

OTC Markets Group Inc. (OTCMKTS:OTCM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $50.19 and traded as high as $53.90. OTC Markets Group shares last traded at $52.86, with a volume of 4,889 shares trading hands.

OTC Markets Group Stock Down 0.8 %

The stock has a 50-day simple moving average of $52.62 and a two-hundred day simple moving average of $50.19. The firm has a market cap of $633.23 million, a PE ratio of 23.60, a P/E/G ratio of 2.30 and a beta of 0.54.

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

OTC Markets Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, December 5th. Stockholders of record on Friday, November 22nd were paid a dividend of $1.50 per share. The ex-dividend date was Thursday, November 21st. This represents a dividend yield of 11.17%. 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.