OTC Markets Group (OTCMKTS:OTCM) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• OTC Markets Group's share price has recently crossed above its 200-day moving average of $51.27, reaching a high of $52.34 during trading.
• The company reported $0.60 earnings per share in its latest quarter, which was below analysts' expectations of $0.62, with a revenue of $29.51 million.
• OTC Markets Group declared a dividend of $0.18 per share on September 18, with an impressive dividend yield of 143.0% and a payout ratio of 31.17%.

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $51.27 and traded as high as $52.34. OTC Markets Group shares last traded at $51.92, with a volume of 1,244 shares trading hands.

OTC Markets Group Stock Up 1.8%

The business's 50 day moving average is $53.97 and its two-hundred day moving average is $51.27. The firm has a market capitalization of $624.08 million, a P/E ratio of 22.48, a PEG ratio of 1.61 and a beta of 0.50.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $29.51 million for the quarter, compared to the consensus estimate of $29.78 million. As a group, equities analysts anticipate that OTC Markets Group Inc. will post 2.4 earnings per share for the current fiscal year.

OTC Markets Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were paid a dividend of $0.18 per share. This represents a dividend yield of 143.0%. The ex-dividend date was Thursday, September 4th. OTC Markets Group's 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.