OTC Markets Group (OTCMKTS:OTCM) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

OTC Markets Group Inc. (OTCMKTS:OTCM) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $49.63 and traded as high as $53.30. OTC Markets Group shares last traded at $52.60, with a volume of 1,492 shares traded.

OTC Markets Group Price Performance

The business’s 50-day moving average price is $51.86 and its two-hundred day moving average price is $49.63. The firm has a market cap of $629.99 million, a price-to-earnings ratio of 23.48, a P/E/G ratio of 2.48 and a beta of 0.54.

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

OTC Markets Group Announces Dividend

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