OTC Markets Group (OTCMKTS:OTCM) Trading Up 5.1% – Time to Buy?

Shares of OTC Markets Group Inc. (OTCMKTS:OTCM) rose 5.1% during mid-day trading on Wednesday . The stock traded as high as $53.75 and last traded at $53.75. Approximately 2,695 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 5,581 shares. The stock had previously closed at $51.15.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of OTC Markets Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, OTC Markets Group presently has an average rating of “Strong Buy”.

OTC Markets Group Trading Up 5.1%

The firm has a 50-day moving average price of $52.03 and a 200-day moving average price of $53.20. The stock has a market capitalization of $646.08 million, a PE ratio of 22.30, a price-to-earnings-growth ratio of 1.57 and a beta of 0.37.

OTC Markets Group (OTCMKTS:OTCM) last posted its earnings results on Wednesday, November 12th. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.09. The firm had revenue of $30.66 million during the quarter, compared to the consensus estimate of $29.49 million. OTC Markets Group had a net margin of 24.06% and a return on equity of 67.77%. Sell-side analysts expect that OTC Markets Group Inc. will post 2.4 earnings per share for the current fiscal year.

OTC Markets Group Company Profile

OTC Markets Group operates a network of electronic trading platforms that provide real-time quotes, trading, and market data for over-the-counter (OTC) securities. Through its tiered marketplaces—OTCQX for established companies, OTCQB for early-stage and developing firms, and OTC Pink for less transparent issuers—the company connects broker-dealers, institutional investors, and retail participants. Its platforms facilitate price discovery and liquidity for a wide range of securities, including foreign issuers, micro-caps, and funds.

The company’s product suite extends beyond trading venues to encompass market data services, corporate disclosure tools, and compliance solutions.