OTC Markets Group (OTCMKTS:OTCM) Shares Cross Above 200-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 Thursday . The stock has a 200-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 Stock Down 0.3 %

The stock has a market capitalization of $628.16 million, a price-to-earnings ratio of 23.41, a P/E/G ratio of 2.48 and a beta of 0.54. The stock has a fifty day moving average of $51.93 and a 200-day moving average of $49.63.

OTC Markets Group (OTCMKTS:OTCM) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts forecast that OTC Markets Group Inc. will post 2.4 EPS for the current fiscal year.

OTC Markets Group Announces Dividend

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