Zacks Investment Research Downgrades OTC Markets Group (OTCMKTS:OTCM) to Sell

Zacks Investment Research downgraded shares of OTC Markets Group (OTCMKTS:OTCM) from a hold rating to a sell rating in a report published on Thursday morning, Zacks.com reports.

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. “

OTCM stock opened at $32.12 on Thursday. 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 business has a 50 day simple moving average of $33.63 and a 200-day simple moving average of $33.58. The firm has a market capitalization of $374.08 million, a PE ratio of 16.64, a price-to-earnings-growth ratio of 2.12 and a beta of 0.43. OTC Markets Group has a 1 year low of $26.27 and a 1 year high of $40.00.

OTC Markets Group (OTCMKTS:OTCM) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. The business had revenue of $15.03 million during the quarter, compared to analyst estimates of $15.06 million. OTC Markets Group had a return on equity of 129.68% and a net margin of 26.72%. On average, equities research analysts expect that OTC Markets Group will post 1.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $0.60 annualized dividend and a yield of 1.87%. OTC Markets Group’s payout ratio is 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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