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

OTC Markets Group Inc. (OTCMKTS:OTCM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.01 and traded as high as $54.00. OTC Markets Group shares last traded at $53.20, with a volume of 3,400 shares changing hands.

OTC Markets Group Stock Up 1.1 %

The business’s fifty day moving average price is $52.52 and its 200 day moving average price is $50.04. The firm has a market capitalization of $645.24 million, a PE ratio of 24.04, a PEG ratio of 2.27 and a beta of 0.54.

OTC Markets Group (OTCMKTS:OTCM) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share for the quarter, beating 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 company had revenue of $27.39 million for the quarter, compared to analyst estimates of $27.07 million. On average, 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 issued a dividend of $1.50 per share. This represents a dividend yield of 11.17%. The ex-dividend date was Thursday, November 21st. OTC Markets Group’s payout ratio is currently 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.