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

OTC Markets Group Inc. (OTCMKTS:OTCM)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $52.04 and traded as high as $52.10. OTC Markets Group shares last traded at $52.00, with a volume of 2,641 shares traded.

OTC Markets Group Trading Up 2.0%

The firm has a market cap of $625.04 million, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 1.61 and a beta of 0.49. The business’s fifty day simple moving average is $51.47 and its 200-day simple moving average is $52.04.

OTC Markets Group (OTCMKTS:OTCM) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The firm had revenue of $29.51 million during the quarter, compared to the consensus estimate of $29.78 million. OTC Markets Group had a return on equity of 67.28% and a net margin of 23.96%. Analysts anticipate that OTC Markets Group Inc. will post 2.4 earnings per share for the current year.

OTC Markets Group Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were issued a $0.18 dividend. This represents a yield of 143.0%. The ex-dividend date of this dividend was Thursday, September 4th. OTC Markets Group’s dividend payout ratio (DPR) is 31.17%.

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.