OTC Markets Group Inc. (OTCMKTS:OTCM – Get Free Report) shares saw unusually-strong trading volume on Tuesday. 9,855 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 5,660 shares. The stock last traded at $53.80 and had previously closed at $53.50.
OTC Markets Group Price Performance
The company has a fifty day moving average of $54.61 and a 200-day moving average of $53.50. The firm has a market cap of $645.06 million, a P/E ratio of 19.42, a P/E/G ratio of 1.48 and a beta of 0.36.
OTC Markets Group (OTCMKTS:OTCM – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.70 by $0.34. OTC Markets Group had a net margin of 24.95% and a return on equity of 73.70%. The firm had revenue of $33.74 million during the quarter, compared to analyst estimates of $33.22 million. On average, sell-side analysts expect that OTC Markets Group Inc. will post 2.80 EPS for the current fiscal year.
OTC Markets Group Company Profile
OTC Markets Group Inc operates financial markets for the trading of securities not listed on traditional national stock exchanges. Based in New York, the company provides marketplaces, market data and corporate services for public companies, broker-dealers and investors.
Its principal marketplaces include OTCQX, OTCQB and the OTC Pink market, which offer different levels of disclosure, eligibility and regulatory oversight for domestic and international companies. OTC Markets Group also provides quotation and trading technology, security and issuer information, compliance services, and transparency tools designed to support informed trading in over-the-counter securities.
The company traces its roots to the National Quotation Bureau, established in 1913, and later operated under the Pink Sheets name before adopting the OTC Markets Group name.
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