OTC Markets Group (OTCMKTS:OTCM) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

OTC Markets Group Inc. (OTCMKTS:OTCM)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $49.71 and traded as high as $51.74. OTC Markets Group shares last traded at $51.15, with a volume of 2,629 shares trading hands.

OTC Markets Group Stock Down 1.3 %

The company has a market cap of $604.46 million, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 2.48 and a beta of 0.54. The stock has a 50 day moving average price of $52.24 and a two-hundred day moving average price of $49.73.

OTC Markets Group (OTCMKTS:OTCM) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $27.39 million for the quarter, compared to analysts’ expectations of $27.07 million. Equities analysts anticipate that OTC Markets Group Inc. will post 2.4 EPS for the current year.

OTC Markets Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, December 5th. Shareholders of record on Friday, November 22nd were paid a $1.50 dividend. This represents a yield of 11.17%. The ex-dividend date was Thursday, November 21st. OTC Markets Group’s dividend payout ratio (DPR) 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.