OTC Markets Group (OTCMKTS:OTCM) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $49.45 and traded as high as $54.82. OTC Markets Group shares last traded at $53.97, with a volume of 5,220 shares.

OTC Markets Group Stock Performance

The firm has a fifty day moving average price of $48.77 and a two-hundred day moving average price of $49.45. The stock has a market capitalization of $646.28 million, a P/E ratio of 24.10, a PEG ratio of 2.45 and a beta of 0.53.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). OTC Markets Group had a net margin of 24.67% and a return on equity of 71.64%. The company had revenue of $27.56 million for the quarter, compared to analysts' expectations of $28.06 million. On average, research analysts anticipate that OTC Markets Group Inc. will post 2.36 earnings per share for the current fiscal year.

About OTC Markets Group

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.