OTC Markets Group (OTCMKTS:OTCM) Shares Cross Above 200-Day Moving Average – Here’s What Happened

OTC Markets Group Inc. (OTCMKTS:OTCM) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $52.94 and traded as high as $53.99. OTC Markets Group shares last traded at $53.25, with a volume of 8,669 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut OTC Markets Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, OTC Markets Group presently has a consensus rating of “Hold”.

OTC Markets Group Stock Performance

The firm has a 50-day moving average of $52.79 and a 200-day moving average of $52.94. The firm has a market capitalization of $640.07 million, a P/E ratio of 22.10, a PEG ratio of 1.47 and a beta of 0.38.

OTC Markets Group (OTCMKTS:OTCM) last posted its earnings results on Wednesday, November 12th. The financial services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.09. The business had revenue of $30.66 million during the quarter, compared to analyst estimates of $29.49 million. OTC Markets Group had a return on equity of 67.77% and a net margin of 24.06%. On average, research analysts forecast that OTC Markets Group Inc. will post 2.4 EPS for the current fiscal year.

About OTC Markets Group

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.