OTC Markets Group (OTCMKTS:OTCM) Share Price Crosses Above 200 Day Moving Average of $56.14

OTC Markets Group Inc. (OTCMKTS:OTCMGet Rating) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $56.14 and traded as high as $57.04. OTC Markets Group shares last traded at $57.04, with a volume of 585 shares changing hands.

OTC Markets Group Price Performance

The company has a market cap of $677.40 million, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.47 and a beta of 0.57. The stock has a fifty day moving average price of $57.39 and a 200-day moving average price of $56.14.

OTC Markets Group (OTCMKTS:OTCMGet Rating) last posted its earnings results on Monday, November 14th. The financial services provider reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $25.92 million for the quarter, compared to the consensus estimate of $25.57 million. OTC Markets Group had a net margin of 30.03% and a return on equity of 97.50%. On average, equities analysts anticipate that OTC Markets Group Inc. will post 2.54 earnings per share for the current year.

OTC Markets Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 22nd. Shareholders of record on Thursday, December 8th were paid a dividend of $0.18 per share. This represents a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, December 7th. OTC Markets Group’s dividend payout ratio is 28.02%.

About OTC Markets Group

(Get Rating)

OTC Markets Group Inc engages in the financial market business in the United States and internationally. It offers OTC Link Alternative Trading System, an interdealer quotation and trade messaging system; OTC Dealer, a real-time, front-end application that provides consolidated quotation, trading, and information system to attract and access market liquidity; OTC FIX, which uses the industry standard FIX protocol for quote submission, trading, and routing of execution reports; and OTC Link Electronic Communication Networks (ECN) and OTC Link National Quotation Bureau (NQB) that acts as the executing party on an agency basis in relation to transactions executed on platforms.

Further Reading

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