OTC Markets Group (OTCMKTS:OTCM) Stock Crosses Above 200 Day Moving Average - Here's Why

Shares of OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $49.71 and traded as high as $51.74. OTC Markets Group shares last traded at $51.15, with a volume of 2,629 shares traded.

OTC Markets Group Stock Down 1.3 %

The firm has a market capitalization of $604.46 million, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.48 and a beta of 0.54. The company's 50 day moving average is $52.24 and its 200 day moving average is $49.73.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. OTC Markets Group had a return on equity of 70.24% and a net margin of 24.63%. The business had revenue of $27.39 million during the quarter, compared to analysts' expectations of $27.07 million. On average, analysts expect that OTC Markets Group Inc. will post 2.4 EPS for the current year.

OTC Markets Group Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, December 5th. Stockholders of record on Friday, November 22nd were issued a dividend of $1.50 per share. This represents a dividend yield of 11.17%. The ex-dividend date of this dividend was Thursday, November 21st. OTC Markets Group's dividend payout ratio (DPR) is presently 32.14%.

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.