OTC Markets Group (OTCMKTS:OTCM) Shares Gap Down - Here's What Happened

Key Points

• OTC Markets Group Inc. saw its shares gap down 2.7%, opening at $53.01 after closing at $54.99, with only 412 shares traded at the new price.
• The company's quarterly earnings missed estimates, reporting $0.60 EPS against the expected $0.62, while revenue was $29.51 million compared to estimates of $29.78 million.
• OTC Markets Group declared a dividend of $0.18 per share, yielding 143.0%, with a payout ratio of 31.17% for shareholders of record as of September 5th.

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $54.99, but opened at $53.01. OTC Markets Group shares last traded at $53.01, with a volume of 412 shares traded.

OTC Markets Group Stock Down 2.7%

The business has a 50 day simple moving average of $53.72 and a 200 day simple moving average of $51.47. The company has a market capitalization of $643.37 million, a PE ratio of 23.17, a PEG ratio of 1.77 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 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 business had revenue of $29.51 million during the quarter, compared to analyst estimates of $29.78 million. Equities analysts expect that OTC Markets Group Inc. will post 2.4 EPS for the current fiscal year.

OTC Markets Group Announces Dividend

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