Quaint Oak Bancorp (OTCMKTS:QNTO) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Quaint Oak Bancorp Inc. (OTCMKTS:QNTO) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $14.50 and traded as high as $14.70. Quaint Oak Bancorp shares last traded at $14.70, with a volume of 100 shares traded.

Quaint Oak Bancorp Stock Performance

The business’s 50-day moving average price is $14.51 and its 200 day moving average price is $15.60. The company has a market cap of $38.95 million, a P/E ratio of 50.69 and a beta of -0.05. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.03 and a current ratio of 1.10.

Quaint Oak Bancorp (OTCMKTS:QNTO) last issued its earnings results on Thursday, July 30th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter. Quaint Oak Bancorp had a net margin of 1.64% and a return on equity of 1.49%. The business had revenue of $6.88 million during the quarter.

About Quaint Oak Bancorp

Quaint Oak Bancorp, Inc is the holding company for Quaint Oak Bank, a community-oriented financial institution headquartered in Southampton, Pennsylvania. The bank traces its origins to 1926 and serves individuals, families, and businesses in southeastern Pennsylvania.

Quaint Oak Bank offers traditional banking products, including checking and savings accounts, certificates of deposit, and other deposit services. Its lending activities include residential mortgage loans, commercial real estate financing, business loans, home equity loans, and consumer lending.

Through related operations, the company also provides mortgage banking and real estate services.