OTC Markets Group (OTCMKTS:OTCM) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

OTC Markets Group Inc. (OTCMKTS:OTCM) shares 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 cap of $604.46 million, a price-to-earnings ratio of 22.53, a PEG ratio of 2.48 and a beta of 0.54. The company’s fifty day moving average is $52.24 and its 200 day moving average is $49.73.

OTC Markets Group (OTCMKTS:OTCM) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $27.39 million during 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%. On average, equities research analysts forecast that OTC Markets Group Inc. will post 2.4 EPS for the current fiscal year.

OTC Markets Group Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, December 5th. Investors of record on Friday, November 22nd were paid a $1.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a dividend yield of 11.17%. OTC Markets Group’s dividend payout ratio 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.