OTC Markets Group Inc. (OTCMKTS:OTCM)’s share price reached a new 52-week high during 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 OTC Markets Group from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Saturday, March 6th.
The business has a 50 day moving average price of $42.47. The firm has a market capitalization of $576.68 million, a PE ratio of 26.83, a price-to-earnings-growth ratio of 2.55 and a beta of 0.75.
The firm 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. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, June 10th. OTC Markets Group’s payout ratio is 39.22%.
About OTC Markets Group (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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