Shares of OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $50.23 and traded as high as $50.94. OTC Markets Group shares last traded at $50.50, with a volume of 2,898 shares trading hands.
OTC Markets Group Stock Performance
The firm has a market cap of $600.25 million, a price-to-earnings ratio of 22.30, a P/E/G ratio of 2.17 and a beta of 0.45. The business has a 50 day simple moving average of $47.74 and a 200-day simple moving average of $50.22.
OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). OTC Markets Group had a return on equity of 70.24% and a net margin of 24.63%. The firm had revenue of $29.43 million for the quarter, compared to the consensus estimate of $27.96 million. As a group, research analysts anticipate 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 will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a dividend yield of 1.44%. OTC Markets Group's dividend payout ratio is currently 31.72%.
About OTC Markets Group
(
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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.
See Also
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