OTC Markets Group (OTCMKTS:OTCM) Reaches New 52-Week High at $49.00

OTC Markets Group Inc. (OTCMKTS:OTCM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.00 and last traded at $49.00, with a volume of 3424 shares traded. The stock had previously closed at $47.75.

Separately, Zacks Investment Research upgraded shares of OTC Markets Group from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Saturday, March 6th.

The company has a market cap of $576.68 million, a P/E ratio of 26.83, a PEG ratio of 2.55 and a beta of 0.75. The business’s 50 day moving average is $42.47.

OTC Markets Group (OTCMKTS:OTCM) last announced its quarterly earnings results on Wednesday, May 5th. The financial services provider reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.18. The company had revenue of $26.08 million during the quarter, compared to analysts’ expectations of $18.03 million. On average, sell-side analysts anticipate that OTC Markets Group Inc. will post 1.89 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 24th. Shareholders of record on Friday, June 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, June 10th. This represents a $0.60 annualized dividend and a yield of 1.22%. OTC Markets Group’s dividend payout ratio is currently 39.22%.

OTC Markets Group Company Profile (OTCMKTS:OTCM)

OTC Markets Group Inc engages in the financial market business in the United States and internationally. It offers OTC Link Alternative Trading System, an interdealer quotation and trade messaging system; OTC Dealer, a real-time, front-end application that provides consolidated quotation, trading, and information system to attract and access market liquidity; OTC FIX, which uses the industry standard FIX protocol for quote submission, trading, and routing of execution reports; and OTC Link Electronic Communication Networks (ECN) that acts as the executing party on an agency basis in relation to transactions executed on the ECN's platform.

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