Somewhat Favorable News Coverage Unlikely to Impact OTC Markets Group (OTCM) Share Price
Media headlines about OTC Markets Group (OTCMKTS:OTCM) have trended somewhat positive on Tuesday, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. OTC Markets Group earned a coverage optimism score of 1.88 on their scale. InfoTrie also assigned media stories about the financial services provider an news buzz score of 3 out of 10, indicating that recent media coverage is unlikely to have an effect on the company’s share price in the next few days.
Separately, Zacks Investment Research downgraded shares of OTC Markets Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th.
OTCMKTS:OTCM opened at $31.00 on Tuesday. The company has a market cap of $360.22 million, a price-to-earnings ratio of 16.06 and a beta of 0.22. OTC Markets Group has a twelve month low of $25.37 and a twelve month high of $40.00.
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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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