OTC Markets Group (OTCMKTS:OTCM) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

OTC Markets Group Inc. (OTCMKTS:OTCM) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $50.19 and traded as high as $53.90. OTC Markets Group shares last traded at $52.86, with a volume of 4,889 shares changing hands.

OTC Markets Group Price Performance

The stock has a fifty day moving average price of $52.62 and a 200 day moving average price of $50.19. The stock has a market capitalization of $633.23 million, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 2.30 and a beta of 0.54.

OTC Markets Group (OTCMKTS:OTCM) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.61 EPS for the quarter, topping 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 firm had revenue of $27.39 million during the quarter, compared to analyst estimates of $27.07 million. Research analysts anticipate that OTC Markets Group Inc. will post 2.4 earnings per share for the current year.

OTC Markets Group Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, December 5th. Stockholders of record on Friday, November 22nd were issued a $1.50 dividend. 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.