Quaint Oak Bancorp (OTCMKTS:QNTO) Stock Price Breaks Above 200 Day Moving Average – What’s Next?

Quaint Oak Bancorp Inc. (OTCMKTS:QNTO)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $15.28 and traded as high as $15.5625. Quaint Oak Bancorp shares last traded at $15.4125, with a volume of 800 shares changing hands.

Quaint Oak Bancorp Stock Up 2.7%

The firm has a market capitalization of $40.84 million, a price-to-earnings ratio of 28.02 and a beta of -0.08. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $14.65 and a 200 day moving average price of $15.28.

Quaint Oak Bancorp (OTCMKTS:QNTO) last released its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $0.24 earnings per share for the quarter. Quaint Oak Bancorp had a return on equity of 2.77% and a net margin of 3.05%. The firm had revenue of $7.42 million during the quarter.

About Quaint Oak Bancorp

Quaint Oak Bancorp, Inc. is the holding company for Quaint Oak Bank, a community bank headquartered in Southampton, Pennsylvania. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses in southeastern Pennsylvania. Quaint Oak Bank offers checking, savings, money market and certificate of deposit accounts, along with online and mobile banking services. Its lending activities include residential mortgages, home equity loans, commercial real estate loans, construction financing and other business and consumer loans.