OTC Markets Group (OTCMKTS:OTCM) Stock Price Crosses Above 200-Day Moving Average of $33.39

OTC Markets Group Inc (OTCMKTS:OTCM) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.39 and traded as high as $35.48. OTC Markets Group shares last traded at $35.10, with a volume of 1,273 shares changing hands.

Separately, Zacks Investment Research cut shares of OTC Markets Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th.

The firm’s 50 day moving average price is $34.22 and its two-hundred day moving average price is $33.35. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $412.98 million, a PE ratio of 18.15, a PEG ratio of 2.34 and a beta of 0.43.

OTC Markets Group (OTCMKTS:OTCM) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. The business had revenue of $15.03 million during the quarter, compared to the consensus estimate of $15.06 million. OTC Markets Group had a net margin of 26.72% and a return on equity of 129.68%. On average, analysts forecast that OTC Markets Group Inc will post 1.26 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, September 11th. OTC Markets Group’s dividend payout ratio is presently 31.09%.

OTC Markets Group Company Profile (OTCMKTS:OTCM)

OTC Markets Group Inc engages in the financial market business in the United States. It offers OTC Link Alternative Trading System, which provides a suite of quotation and trade-messaging services offering broker-dealers the control of trades and choice of counterparties for execution and attracting order flow, as well as complying with Financial Industry Regulatory Authority and Securities and Exchange Commission regulations; and OTC Link Electronic Communication Networks (ECN) that acts as an agency intermediary in relation to various transactions executed on the ECN's platform.

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