Q.E.P. (OTCMKTS:QEPC) Share Price Passes Above 50-Day Moving Average – Here’s Why

Q.E.P. Co., Inc. (OTCMKTS:QEPC)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $38.42 and traded as high as $48.99. Q.E.P. shares last traded at $48.22, with a volume of 9,424 shares changing hands.

Q.E.P. Trading Up 2.9 %

The firm has a market cap of $162.98 million, a PE ratio of 45.63 and a beta of -0.38. The company has a 50-day simple moving average of $38.42 and a 200 day simple moving average of $36.10.

Q.E.P. (OTCMKTS:QEPC) last announced its quarterly earnings results on Tuesday, January 14th. The company reported $1.40 earnings per share (EPS) for the quarter. Q.E.P. had a net margin of 4.89% and a return on equity of 20.21%.

Q.E.P. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, February 3rd.

Q.E.P. Company Profile

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.