NEW YORK, May 9, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, has entered into an agreement with Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, to provide quantitative Morningstar equity ratings and equity research reports to OTCQX® and OTCQB® companies and their investors.
As part of the agreement, Morningstar's quantitative equity ratings for OTCQX and OTCQB companies will be displayed on a company's quote page on www.otcmarkets.com, providing investors with Morningstar's estimates of the stock's fair market value. A 5-star rating represents a stock that Morningstar rates as a good value at its current price and is undervalued compared with estimates of its fair value. Conversely, a 1-star rating represents a stock that Morningstar rates as overvalued compared with estimates of its fair value. Morningstar updates ratings daily to reflect changes in its estimates of a stock's fair value, changes in the company's stock price, or both.
In addition, OTCQX companies and subscribing OTCQB companies will receive Morningstar Quantitative Equity Research Reports via www.otcmarkets.com, updated daily and available for download and distribution to investors. These reports provide a forward-looking quantitative assessment of a company's stock based on Morningstar's five quantitative equity ratings and a comparison with aggregate ratings of other companies in the sector and country to give investors an effective context for making decisions. Reports will be available for free to OTCQX companies and for a small annual fee to OTCQB companies.
"The addition of quantitative Morningstar equity ratings and equity research reports for OTCQX and OTCQB companies will provide investors with an independent, quantitative valuation of stocks on our premium markets so they can make more informed investment decisions," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "OTCQX and subscribing OTCQB companies can, likewise, use these ratings and research reports to garner interest from investors. We're thrilled to announce this agreement with Morningstar, which further deepens the body of research and tools available to OTCQX and OTCQB companies and their investors."
"Morningstar's mission is to help investors reach their financial goals. We're pleased to make our quantitative equity research and ratings available to users of OTCMarkets.com to help OTCQX and OTCQB companies and their investors better evaluate equity investments," said Joanna McGinley, Head of Redistributor Solutions for Morningstar.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on more than 510,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 17 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement and management as of Dec. 31, 2015. The company has operations in 27 countries.
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SOURCE OTC Markets Group Inc.