Q.E.P. (OTCMKTS:QEPC) Shares Cross Below 200-Day Moving Average - Here's Why

Key Points

• Q.E.P. Co. (OTCMKTS:QEPC)'s stock price recently fell below its 200-day moving average of $41.56, trading as low as $41.00.
• The company reported $1.36 earnings per share for its last quarter, with revenue of $61.53 million and a return on equity of 20.42%.
• Q.E.P. has declared a $0.20 dividend to be paid on August 28th, representing a dividend yield of 2.03%.

Q.E.P. Co. (OTCMKTS:QEPC - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.56 and traded as low as $41.00. Q.E.P. shares last traded at $41.00, with a volume of 490 shares trading hands.

Q.E.P. Price Performance

The company's 50-day moving average is $38.61 and its 200-day moving average is $41.59.

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

Q.E.P. Announces Dividend

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

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.