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

OTC Markets Group Inc. (OTCMKTS:OTCM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $52.41 and traded as high as $54.95. OTC Markets Group shares last traded at $51.05, with a volume of 36,631 shares trading hands.

OTC Markets Group Trading Down 8.0%

The stock has a market cap of $613.72 million, a P/E ratio of 22.10, a PEG ratio of 1.62 and a beta of 0.49. The company has a 50 day simple moving average of $51.56 and a 200 day simple moving average of $52.41.

OTC Markets Group (OTCMKTS:OTCM) last released 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 firm had revenue of $29.51 million during the quarter, compared to the consensus estimate of $29.78 million. OTC Markets Group had a net margin of 23.96% and a return on equity of 67.28%. As a group, sell-side analysts expect that OTC Markets Group Inc. will post 2.4 earnings per share for the current year.

OTC Markets Group Dividend Announcement

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

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.