OTC Markets Group (OTCMKTS:OTCM) Shares Gap Down - Should You Sell?

Shares of OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $53.95, but opened at $52.02. OTC Markets Group shares last traded at $52.02, with a volume of 402 shares trading hands.

OTC Markets Group Stock Performance

The company has a market capitalization of $642.83 million, a P/E ratio of 23.56, a P/E/G ratio of 2.39 and a beta of 0.48. The company has a 50-day simple moving average of $49.56 and a 200 day simple moving average of $50.07.

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

OTC Markets Group Cuts Dividend

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

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