OTC Markets Group (OTCMKTS:OTCM) Issues Quarterly Earnings Results

OTC Markets Group (OTCMKTS:OTCM) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.29, reports. The company had revenue of $32.86 million during the quarter, compared to analysts’ expectations of $34.00 million. OTC Markets Group had a return on equity of 78.52% and a net margin of 24.73%.

OTC Markets Group Stock Performance

Shares of OTC Markets Group stock remained flat at $53.15 during trading on Friday. 14,596 shares of the stock were exchanged, compared to its average volume of 14,794. The stock has a fifty day moving average price of $53.57 and a 200-day moving average price of $53.47. The company has a market capitalization of $636.74 million, a price-to-earnings ratio of 19.05, a PEG ratio of 1.46 and a beta of 0.36. OTC Markets Group has a fifty-two week low of $50.01 and a fifty-two week high of $58.00.

About OTC Markets Group

OTC Markets Group operates marketplaces for trading over-the-counter securities and provides market data and services to broker-dealers, investors, and public companies. Its OTCQX, OTCQB, and OTC Pink markets offer different levels of issuer eligibility and disclosure standards. The company also operates OTC Link, an electronic interdealer quotation and trading system, and provides services such as issuer disclosure solutions, corporate actions processing, and market data distribution. Its platforms support trading in securities of U.S. and international companies.