OTC Markets Group (OTCMKTS:OTCM) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Posted by Joseph Casey on Jan 22nd, 2025

OTC Markets Group Inc. (OTCMKTS:OTCM – Get Free Report)’s share price crossed 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 traded.

OTC Markets Group Trading Up 1.1 %

The company has a fifty day moving average of $52.52 and a two-hundred day moving average of $50.04. The stock has a market capitalization of $645.24 million, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.27 and a beta of 0.54.

OTC Markets Group (OTCMKTS:OTCM – Get Free Report) last posted its earnings results 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. The business had revenue of $27.39 million for the quarter, compared to analysts’ expectations of $27.07 million. OTC Markets Group had a net margin of 24.63% and a return on equity of 70.24%. As a group, sell-side analysts predict that OTC Markets Group Inc. will post 2.4 earnings per share for the current fiscal year.

OTC Markets Group Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, December 5th. Stockholders of record on Friday, November 22nd were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a dividend yield of 11.17%. OTC Markets Group’s payout ratio is currently 32.14%.

OTC Markets Group Company Profile

(Get Free Report)

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.