OTC Markets Group (OTCMKTS:OTCM) Sets New 1-Year Low at $48.55

OTC Markets Group Inc. (OTCMKTS:OTCMGet Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $48.55 and last traded at $48.85, with a volume of 17047 shares changing hands. The stock had previously closed at $49.26.

OTC Markets Group Price Performance

The stock has a 50-day moving average price of $51.37 and a two-hundred day moving average price of $54.87. The stock has a market cap of $586.41 million, a PE ratio of 21.77, a price-to-earnings-growth ratio of 2.10 and a beta of 0.57.

OTC Markets Group (OTCMKTS:OTCMGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.08). The firm had revenue of $27.66 million for the quarter, compared to analysts’ expectations of $28.38 million. OTC Markets Group had a net margin of 24.95% and a return on equity of 73.70%. Equities research analysts expect that OTC Markets Group Inc. will post 2.58 earnings per share for the current year.

OTC Markets Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, June 6th. OTC Markets Group’s dividend payout ratio is presently 32.00%.

About OTC Markets Group

(Get Free Report)

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.

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