OTC Markets Group (OTCMKTS:OTCM) Sees Large Volume Increase - Still a Buy?

Key Points

• OTC Markets Group experienced a significant spike in trading volume with nearly 10,000 shares traded, representing a 102% increase from the previous session.
• The company's stock is currently trading at $52.50, down 3.2% from its last close of $54.50, with a market cap of $634.06 million.
• OTC Markets Group reported earnings of $0.60 per share for the last quarter, missing analysts' consensus estimates, and recently declared a dividend yield of 144.0%.

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) shares saw strong trading volume on Tuesday . 9,954 shares traded hands during mid-day trading, an increase of 102% from the previous session's volume of 4,932 shares.The stock last traded at $52.50 and had previously closed at $54.50.

OTC Markets Group Price Performance

The firm has a fifty day moving average of $55.82 and a 200-day moving average of $51.18. The firm has a market cap of $625.04 million, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 1.64 and a beta of 0.52.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). OTC Markets Group had a return on equity of 69.14% and a net margin of 23.96%.The company had revenue of $29.51 million for the quarter, compared to analyst estimates of $29.78 million. On average, equities analysts forecast that OTC Markets Group Inc. will post 2.4 EPS for the current year.

OTC Markets Group Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a dividend of $0.18 per share. This represents a yield of 144.0%. The ex-dividend date was Wednesday, June 4th. 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.