Qt Group Oyj (OTCMKTS:QTGPF) Trading Down 19.5% – Here’s Why

Qt Group Oyj (OTCMKTS:QTGPF) traded down 19.5% during mid-day trading on Wednesday . The stock traded as low as $52.98 and last traded at $52.98. 82 shares changed hands during trading, a decline of 57% from the average session volume of 190 shares. The stock had previously closed at $65.78.

Wall Street Analyst Weigh In

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

Qt Group Oyj Stock Down 19.5%

The firm has a 50 day moving average price of $65.65 and a 200-day moving average price of $76.28.

About Qt Group Oyj

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.