OTC Markets Group (OTCMKTS:OTCM) Stock Passes Above 200 Day Moving Average of $56.05

OTC Markets Group Inc. (OTCMKTS:OTCM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $56.05 and traded as high as $57.47. OTC Markets Group shares last traded at $56.55, with a volume of 12,161 shares.

OTC Markets Group Stock Performance

The stock has a market capitalization of $674.64 million, a price-to-earnings ratio of 23.56, a PEG ratio of 2.68 and a beta of 0.65. The company has a fifty day simple moving average of $53.41 and a two-hundred day simple moving average of $56.05.

OTC Markets Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a $1.50 dividend. This is a positive change from OTC Markets Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $6.00 annualized dividend and a dividend yield of 10.61%. OTC Markets Group’s dividend payout ratio (DPR) is presently 30.00%.

OTC Markets Group Company Profile

OTC Markets Group Inc engages in the financial market business in the United States and internationally. It offers OTC Link Alternative Trading System, a dealer system to view and publish quotes; 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), a dealer network model with auto-execution functionality; OTC Link National Quotation Bureau (NQB), a matching engine model that allows for the distribution of market data.