OTC Markets Group (OTCMKTS:OTCM) Shares Pass Below 200-Day Moving Average of $33.41

OTC Markets Group Inc (OTCMKTS:OTCM)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.41 and traded as low as $33.00. OTC Markets Group shares last traded at $33.00, with a volume of 5,386 shares traded.

A number of research firms recently weighed in on OTCM. Zacks Investment Research lowered shares of OTC Markets Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. ValuEngine downgraded shares of OTC Markets Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.

The stock has a market cap of $393.29 million, a price-to-earnings ratio of 17.88, a PEG ratio of 2.24 and a beta of 0.40. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a fifty day moving average of $33.97 and a 200 day moving average of $33.44.

The business also recently announced a None dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were issued a $0.65 dividend. The ex-dividend date was Tuesday, November 19th. OTC Markets Group’s payout ratio is currently 31.09%.

About OTC Markets Group (OTCMKTS:OTCM)

OTC Markets Group Inc engages in the financial market business in the United States. It offers OTC Link Alternative Trading System, which provides a suite of quotation and trade-messaging services offering broker-dealers the control of trades and choice of counterparties for execution and attracting order flow, as well as complying with Financial Industry Regulatory Authority and Securities and Exchange Commission regulations; and OTC Link Electronic Communication Networks (ECN) that acts as an agency intermediary in relation to various transactions executed on the ECN's platform.

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