Q.E.P. (OTCMKTS:QEPC) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Shares of Q.E.P. Co. fell below its 200-day moving average of $41.37, trading as low as $37.60, indicating potential concerns about the stock's performance.
• The company reported a quarterly EPS of $1.36 with revenues of $61.53 million, showcasing a return on equity of 20.42% and a net margin of 6.71%.
• Q.E.P. has announced a dividend of $0.20 per share, representing a yield of 203.0%, with the payment date set for August 28th.

Shares of Q.E.P. Co. (OTCMKTS:QEPC - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.37 and traded as low as $37.60. Q.E.P. shares last traded at $37.60, with a volume of 1,300 shares.

Q.E.P. Stock Performance

The business has a 50 day moving average of $38.45 and a two-hundred day moving average of $41.37.

Q.E.P. (OTCMKTS:QEPC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.36 EPS for the quarter. The firm had revenue of $61.53 million during the quarter. Q.E.P. had a return on equity of 20.42% and a net margin of 6.71%.

Q.E.P. Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 4th will be issued a dividend of $0.20 per share. This represents a yield of 203.0%. The ex-dividend date of this dividend is Friday, August 1st.

About Q.E.P.

Q.E.P. Co, Inc designs, manufactures, and distributes flooring installation solutions for commercial and home improvement projects worldwide. The company's product portfolio includes tile saws, blades, and accessories; tile cutters and accessories; hand tools; tile spacers and leveling systems; suction cups; trowels and floats; mixers and paddles; drill bits, hole saws, and jigsaw blades; scarpers and blades; clean-up, repair, and maintenance products; knee pads and safety products; underlayment products; installation kits; and cement boards tools.

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