OTC Markets Group (OTCMKTS:OTCM) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Shares of OTC Markets Group crossed above their 200-day moving average during trading, reaching a high of $52.50 and closing at $52.00.
• The company reported earnings per share of $0.60 for the last quarter, missing analysts’ expectations, with revenue of $29.51 million.
• OTC Markets Group announced a $0.18 dividend, yielding 143.0%, paid to investors who held shares as of September 5th.

Shares of OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $51.48 and traded as high as $52.50. OTC Markets Group shares last traded at $52.00, with a volume of 1,520 shares.

OTC Markets Group Stock Performance

The stock's fifty day moving average is $53.51 and its two-hundred day moving average is $51.48. The firm has a market cap of $625.04 million, a price-to-earnings ratio of 22.51, a PEG ratio of 1.67 and a beta of 0.49.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last released 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 return on equity of 67.28% and a net margin of 23.96%.The firm had revenue of $29.51 million during the quarter, compared to analyst estimates of $29.78 million. Sell-side analysts predict that OTC Markets Group Inc. will post 2.4 earnings per share for the current year.

OTC Markets Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were issued a $0.18 dividend. This represents a dividend yield of 143.0%. The ex-dividend date of this dividend was Thursday, September 4th. OTC Markets Group's dividend payout ratio (DPR) is 31.17%.

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.

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