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 passed 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 changing hands.

OTC Markets Group Stock Down 0.2 %

The company has a 50 day moving average price of $52.57 and a 200-day moving average price of $50.33. The company has a market cap of $627.75 million, a price-to-earnings ratio of 23.39, a P/E/G ratio of 2.23 and a beta of 0.54.

OTC Markets Group (OTCMKTS:OTCM) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.61 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 for the quarter, compared to analysts’ expectations of $27.07 million. On average, analysts forecast that OTC Markets Group Inc. will post 2.4 EPS for the current fiscal year.

OTC Markets Group Dividend Announcement

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