OTC Markets Group (OTCMKTS:OTCM) Reaches New 12-Month High - Time to Buy?

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $57.25 and last traded at $57.11, with a volume of 6044 shares. The stock had previously closed at $57.00.

OTC Markets Group Stock Down 3.8%

The company has a 50-day moving average of $51.72 and a 200 day moving average of $50.36. The firm has a market capitalization of $685.14 million, a PE ratio of 25.11, a PEG ratio of 2.70 and a beta of 0.51.

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

OTC Markets Group Cuts Dividend

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