OTC Markets Group (OTCMKTS:OTCM) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

OTC Markets Group Inc. (OTCMKTS:OTCM)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $50.33 and traded as high as $52.40. OTC Markets Group shares last traded at $52.40, with a volume of 1,302 shares traded.

OTC Markets Group Stock Performance

The stock has a market capitalization of $627.75 million, a P/E ratio of 23.39, a PEG ratio of 2.23 and a beta of 0.54. The business has a fifty day simple moving average of $52.57 and a 200-day simple moving average of $50.33.

OTC Markets Group (OTCMKTS:OTCM) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $27.39 million for the quarter, compared to analysts’ expectations of $27.07 million. On average, sell-side analysts anticipate that OTC Markets Group Inc. will post 2.4 earnings per share for the current year.

OTC Markets Group Announces Dividend

The company also recently announced 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%.

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.