OTC Markets Group (OTCMKTS:OTCM) Sees Large Volume Increase – Here’s Why

Shares of OTC Markets Group Inc. (OTCMKTS:OTCM) saw an uptick in trading volume on Friday . 8,602 shares traded hands during trading, an increase of 63% from the previous session’s volume of 5,269 shares.The stock last traded at $54.00 and had previously closed at $52.88.

OTC Markets Group Stock Performance

The firm has a market cap of $654.00 million, a P/E ratio of 23.55, a P/E/G ratio of 1.62 and a beta of 0.49. The company has a 50-day moving average of $51.49 and a 200 day moving average of $52.23.

OTC Markets Group (OTCMKTS:OTCM) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). The company had revenue of $29.51 million for the quarter, compared to the consensus estimate of $29.78 million. OTC Markets Group had a return on equity of 67.28% and a net margin of 23.96%. Sell-side analysts anticipate that OTC Markets Group Inc. will post 2.4 EPS for the current fiscal year.

OTC Markets Group Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were paid a $0.18 dividend. The ex-dividend date was Thursday, September 4th. This represents a dividend yield of 143.0%. OTC Markets Group’s payout ratio is 31.17%.

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.