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

Key Points

• OTC Markets Group experienced a 42% increase in trading volume, reaching 7,354 shares traded, while its stock price dropped to $49.55.
• The company reported a quarterly earnings per share of $0.60, slightly missing analyst expectations, and had a return on equity of 67.28%.
• OTC Markets Group announced a $0.18 dividend with a yield of 143.0%, set to be paid to shareholders on September 18th.

Shares of OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) saw strong trading volume on Monday . 7,354 shares traded hands during mid-day trading, an increase of 42% from the previous session's volume of 5,193 shares.The stock last traded at $49.55 and had previously closed at $51.00.

OTC Markets Group Stock Down 1.8%

The business's fifty day moving average is $55.01 and its 200-day moving average is $51.23. The company has a market cap of $602.20 million, a PE ratio of 21.69, a P/E/G ratio of 1.61 and a beta of 0.50.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last issued 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 67.28% and a net margin of 23.96%.The business had revenue of $29.51 million for the quarter, compared to analysts' expectations of $29.78 million. Analysts forecast that OTC Markets Group Inc. will post 2.4 EPS for the current fiscal year.

OTC Markets Group Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a $0.18 dividend. This represents a yield of 143.0%. The ex-dividend date of this dividend is Thursday, September 4th. OTC Markets Group's dividend payout ratio is currently 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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