Qt Group Oyj (OTCMKTS:QTGPF) Trading Down 7.8% – What’s Next?

Qt Group Oyj (OTCMKTS:QTGPF)’s stock price dropped 7.8% during mid-day trading on Monday . The company traded as low as $65.60 and last traded at $66.00. Approximately 197 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 225 shares. The stock had previously closed at $71.57.

Wall Street Analysts Forecast Growth

Separately, Danske upgraded Qt Group Oyj to a “buy” rating in a research report on Friday, April 25th.

Qt Group Oyj Price Performance

The business has a 50-day moving average price of $82.90 and a two-hundred day moving average price of $82.26.

Qt Group Oyj Company Profile

Qt Group Oyj offers cross-platform solutions for the software development lifecycle in Finland, Norway, Germany, the United States, Japan, China, South Korea, France, the United Kingdom, and India. The company offers Qt Design Studio, a UI composition tool that turns design visions into functional products; Qt Creator, a cross-platform integrated development environment for software development; Qt Framework that contains C++ library classes and APIs to simplify application development; Qt Quality Assurance tool, which allows user to perform cross-technology/device GUI testing, code coverage analysis of test framework, static code analysis, and checking of the compliance of software architecture; Qt Digital Advertising Platform that enables users to create a new revenue stream for product by serving ads to interactive UI application built on the platform; and Qt Insight, an analytics solution to provide real customer insights on the usage of application or device.