OTC Markets Group (OTCMKTS:OTCM) Sees Strong Trading Volume - What's Next?

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) saw unusually-high trading volume on Friday . Approximately 6,908 shares traded hands during trading, an increase of 50% from the previous session's volume of 4,598 shares.The stock last traded at $52.80 and had previously closed at $52.89.

OTC Markets Group Stock Performance

The company's fifty day simple moving average is $49.14 and its two-hundred day simple moving average is $50.04. The stock has a market capitalization of $619.27 million, a PE ratio of 22.70, a P/E/G ratio of 2.41 and a beta of 0.48.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). The business had revenue of $29.43 million during the quarter, compared to analysts' expectations of $27.96 million. OTC Markets Group had a net margin of 24.08% and a return on equity of 67.70%. Sell-side analysts forecast that OTC Markets Group Inc. will post 2.4 EPS for the current fiscal year.

OTC Markets Group Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a dividend yield of 1.44%. OTC Markets Group's dividend payout ratio (DPR) is presently 31.72%.

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.