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

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) gapped down prior to trading 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 Trading Up 1.6%

The business's fifty day moving average price is $49.93 and its 200 day moving average price is $50.07. The firm has a market capitalization of $661.10 million, a price-to-earnings ratio of 24.23, a PEG ratio of 2.50 and a beta of 0.48.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.50 earnings per share 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 analyst estimates of $27.96 million. As a group, sell-side analysts forecast that OTC Markets Group Inc. will post 2.4 earnings per share for the current fiscal 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 given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a yield of 1.44%. OTC Markets Group's payout ratio 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.