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

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $60.50, but opened at $58.62. OTC Markets Group shares last traded at $58.71, with a volume of 402 shares.

OTC Markets Group Stock Down 0.5%

The firm has a market cap of $723.60 million, a P/E ratio of 26.52, a PEG ratio of 2.76 and a beta of 0.51. The stock's 50-day simple moving average is $51.20 and its 200 day simple moving average is $50.22.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). The firm had revenue of $29.43 million for the quarter, compared to the consensus estimate of $27.96 million. OTC Markets Group had a net margin of 24.08% and a return on equity of 67.70%. On average, research 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 firm also recently announced a dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $0.18 dividend. The ex-dividend date was Wednesday, June 4th. This represents a dividend yield of 1.44%. OTC Markets Group's dividend payout ratio is presently 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.