OTC Markets Group (OTCMKTS:OTCM) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research cut shares of OTC Markets Group (OTCMKTS:OTCM) from a hold rating to a sell rating in a research report sent to investors on Thursday, 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. “

Separately, ValuEngine downgraded shares of OTC Markets Group from a buy rating to a hold rating in a research report on Wednesday, October 2nd.

Shares of OTCM traded up $0.08 during trading hours on Thursday, hitting $33.90. The stock had a trading volume of 1,308 shares, compared to its average volume of 1,728. The company’s fifty day moving average is $34.37 and its two-hundred day moving average is $33.41. The stock has a market capitalization of $394.17 million, a price-to-earnings ratio of 17.56, a P/E/G ratio of 2.23 and a beta of 0.41. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.51 and a quick ratio of 1.51. OTC Markets Group has a 52 week low of $26.50 and a 52 week high of $40.00.

The business also recently declared a None dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, November 19th. OTC Markets Group’s dividend payout ratio (DPR) is 31.09%.

About OTC Markets Group

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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