OTC Markets Group (OTCMKTS:OTCM) Stock Crosses Above 200 Day Moving Average – What’s Next?

OTC Markets Group Inc. (OTCMKTS:OTCM)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $52.86 and traded as high as $53.6231. OTC Markets Group shares last traded at $53.00, with a volume of 1,368 shares changing hands.

OTC Markets Group Price Performance

The firm has a market cap of $637.17 million, a P/E ratio of 22.94, a PEG ratio of 1.62 and a beta of 0.49. The firm’s 50-day moving average price is $52.04 and its 200 day moving average price is $52.86.

OTC Markets Group (OTCMKTS:OTCM) last announced its quarterly earnings data on Wednesday, November 12th. The financial services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.09. OTC Markets Group had a return on equity of 67.28% and a net margin of 23.96%.The firm had revenue of $30.66 million during the quarter, compared to analyst estimates of $29.49 million. Analysts forecast that OTC Markets Group Inc. will post 2.4 earnings per share for the current year.

OTC Markets Group Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were given a dividend of $0.18 per share. This represents a dividend yield of 143.0%. The ex-dividend date of this dividend was Thursday, September 4th. OTC Markets Group’s dividend payout ratio is currently 29.88%.

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.