OTC Markets Group (OTCMKTS:OTCM) Hits New 52-Week High - Here's What Happened

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company 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 Trading Down 0.5%

The business has a fifty day moving average of $51.47 and a 200-day moving average of $50.29. The firm has a market cap of $723.60 million, a PE ratio of 26.52, a PEG ratio of 2.76 and a beta of 0.51.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $29.43 million for the quarter, compared to analysts' expectations of $27.96 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 disclosed 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. The ex-dividend date was Wednesday, June 4th. This represents a dividend yield of 1.44%. OTC Markets Group's dividend payout ratio is 31.72%.

OTC Markets Group Company Profile

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.