OTC Markets Group (OTCMKTS:OTCM) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

OTC Markets Group Inc. (OTCMKTS:OTCM)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $50.16 and traded as high as $51.00. OTC Markets Group shares last traded at $51.00, with a volume of 9,909 shares.

OTC Markets Group Trading Up 1.2%

The company has a market cap of $612.97 million, a P/E ratio of 22.77, a PEG ratio of 2.17 and a beta of 0.48. The business’s fifty day moving average is $48.07 and its 200 day moving average is $50.13.

OTC Markets Group (OTCMKTS:OTCM) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $29.43 million during the quarter, compared to the consensus estimate of $27.96 million. OTC Markets Group had a return on equity of 70.24% and a net margin of 24.63%. As a group, research analysts expect that OTC Markets Group Inc. will post 2.4 EPS for the current fiscal year.

OTC Markets Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a dividend yield of 1.44%. OTC Markets Group’s dividend payout ratio (DPR) is presently 31.72%.

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.