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 unusually-high trading volume on Monday . Approximately 7,354 shares traded hands during 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 Up 3.8%

The firm has a market capitalization of $625.04 million, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.58 and a beta of 0.50. The stock has a 50 day moving average of $54.18 and a 200 day moving average of $51.23.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). OTC Markets Group had a net margin of 23.96% and a return on equity of 67.28%. The firm had revenue of $29.51 million for the quarter, compared to analyst estimates of $29.78 million. Analysts predict that OTC Markets Group Inc. will post 2.4 earnings per share for the current year.

OTC Markets Group Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a dividend yield of 143.0%. OTC Markets Group's dividend payout ratio (DPR) is 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.