OTC Markets Group (OTCMKTS:OTCM) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• OTC Markets Group Inc. experienced a significant increase in trading volume, with 10,418 shares traded on Monday—an increase of 91% compared to the previous session.
• The company reported $0.60 earnings per share for the last quarter, missing expectations of $0.62, with revenues also slightly below estimates at $29.51 million.
• OTC Markets Group announced a dividend of $0.18 per share, resulting in a high dividend yield of 143.0% and a payout ratio of 31.17%.

Shares of OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) saw strong trading volume on Monday . 10,418 shares traded hands during mid-day trading, an increase of 91% from the previous session's volume of 5,447 shares.The stock last traded at $50.00 and had previously closed at $49.89.

OTC Markets Group Trading Up 0.2%

The firm has a market cap of $601 million, a price-to-earnings ratio of 21.65, a PEG ratio of 1.57 and a beta of 0.49. The firm's 50 day simple moving average is $52.47 and its two-hundred day simple moving average is $51.72.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.02). The business had revenue of $29.51 million during the quarter, compared to analyst estimates of $29.78 million. OTC Markets Group had a net margin of 23.96% and a return on equity of 67.28%. As a group, equities research analysts anticipate that OTC Markets Group Inc. will post 2.4 earnings per share for the current fiscal year.

OTC Markets Group Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were given a $0.18 dividend. The ex-dividend date was Thursday, September 4th. This represents a dividend yield of 143.0%. OTC Markets Group's payout ratio is presently 31.17%.

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.

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