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

OTC Markets Group logo with Finance background

Shares of OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.01 and traded as high as $54.00. OTC Markets Group shares last traded at $53.20, with a volume of 3,400 shares trading hands.

OTC Markets Group Price Performance

The stock has a market cap of $637.94 million, a PE ratio of 23.77, a PEG ratio of 2.27 and a beta of 0.54. The company has a 50 day moving average price of $52.48 and a two-hundred day moving average price of $50.01.

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

OTC Markets Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, December 5th. Stockholders of record on Friday, November 22nd were given 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 payout ratio is 32.14%.

OTC Markets Group Company Profile

(Get Free Report)

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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