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QNB (OTCMKTS:QNBC) Stock Passes Below 200 Day Moving Average - Here's Why

QNB logo with Finance background

Key Points

  • QNB Corp.'s stock price has dropped below its 200-day moving average of $34.63, indicating potential sell signals for investors.
  • The company reported a quarterly EPS of $1.04 with a return on equity of 11.95% and a net margin of 13.34% for the last quarter.
  • QNB Corp. operates as a bank holding company providing commercial and retail banking products, in addition to retail brokerage services.
  • Need better tools to track QNB? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

QNB Corp. (OTCMKTS:QNBC - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.63 and traded as low as $34.56. QNB shares last traded at $34.96, with a volume of 1,250 shares trading hands.

QNB Stock Up 1.9%

The company's 50 day moving average price is $34.45 and its two-hundred day moving average price is $34.67. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.35. The stock has a market cap of $132.80 million, a P/E ratio of 10.29 and a beta of 0.49.

QNB (OTCMKTS:QNBC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $1.04 earnings per share for the quarter. The firm had revenue of $14.30 million during the quarter. QNB had a net margin of 13.34% and a return on equity of 11.95%.

QNB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.3%. QNB's payout ratio is 43.80%.

About QNB

(Get Free Report)

QNB Corp. operates as the bank holding company for QNB Bank that engages in the provision of commercial and retail banking products, and retail brokerage services. It offers various deposit products, which include demand and savings accounts, such as money market, interest-bearing demand, club, traditional statement savings, and online savings accounts; and time deposits comprising certificates of deposit and individual retirement accounts.

See Also

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