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 Price Performance
The business has a fifty day moving average of $47.82 and a 200-day moving average of $50.19. The stock has a market capitalization of $605.66 million, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 2.17 and a beta of 0.45.
OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last announced its quarterly earnings data 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). OTC Markets Group had a return on equity of 70.24% and a net margin of 24.63%. The business had revenue of $29.43 million during the quarter, compared to analyst estimates of $27.96 million. As a group, research analysts anticipate that OTC Markets Group Inc. will post 2.4 EPS for the current year.
OTC Markets Group Cuts Dividend
The business also recently declared a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a $0.18 dividend. 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.
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