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

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report)'s share price gapped down before the market opened 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 Trading Up 2.5%

The company has a market cap of $701.97 million, a P/E ratio of 25.73, a PEG ratio of 2.70 and a beta of 0.51. The business's fifty day moving average is $51.91 and its 200 day moving average is $50.39.

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 for the quarter, missing the consensus estimate of $0.53 by ($0.03). The business had revenue of $29.43 million during the quarter, compared to the consensus estimate 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, research analysts expect that OTC Markets Group Inc. will post 2.4 EPS for the current fiscal year.

OTC Markets Group Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a dividend of $0.18 per share. This represents a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, June 4th. OTC Markets Group's payout ratio is 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.