OTC Markets Group (OTCM) Stock Rating Lowered by Zacks Investment Research
According to Zacks, “OTC Markets Group Inc. is an open, transparent, and connected marketplace platform providing financial information and technology services to broker-dealers, issuers of OTC traded securities, and market data consumers. Its OTC Link (registered) ATS directly links a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. Its OTCQuote.com, helps in viewing real-time OTC market quote and trade data; OTC FIX for quote submission, trading, and routing of execution reports. The company also provides data products comprising Real-Time+, a multicast data product suite that allows market data terminal providers and financial website operators to give the general public a view into the real-time pricing of 10,000 OTC securities. Other products include End-of-Day data file, Company data file, Quote History, research/data mining service. The company was formerly known as Pink OTC Markets Inc. and is headquartered in New York, New York. “
Shares of OTCM traded down $0.59 on Wednesday, reaching $30.55. 734 shares of the stock traded hands, compared to its average volume of 3,434. The stock has a market cap of $354.72 million, a PE ratio of 15.83 and a beta of 0.23. OTC Markets Group has a 12 month low of $25.37 and a 12 month high of $40.00.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, June 12th. OTC Markets Group’s dividend payout ratio is presently 31.09%.
OTC Markets Group Company Profile
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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