OTC Markets Group (OTCMKTS:OTCM) Stock Passes Above 200 Day Moving Average – Here’s What Happened

OTC Markets Group Inc. (OTCMKTS:OTCM)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $49.83 and traded as high as $53.00. OTC Markets Group shares last traded at $53.00, with a volume of 9,756 shares changing hands.

OTC Markets Group Price Performance

The stock’s 50-day moving average price is $52.36 and its 200 day moving average price is $49.83. The firm has a market capitalization of $634.89 million, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.48 and a beta of 0.54.

OTC Markets Group (OTCMKTS:OTCM) last issued its earnings results 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. The business had revenue of $27.39 million during the quarter, compared to analysts’ expectations of $27.07 million. OTC Markets Group had a return on equity of 70.24% and a net margin of 24.63%. Equities research analysts forecast that OTC Markets Group Inc. will post 2.4 earnings per share for the current fiscal year.

OTC Markets Group Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 5th. Shareholders of record on Friday, November 22nd were given a dividend of $1.50 per share. 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.