Qt Group Oyj (OTCMKTS:QTGPF) Shares Down 20% – Here’s What Happened

Qt Group Oyj (OTCMKTS:QTGPF)’s stock price dropped 20% during mid-day trading on Tuesday . The stock traded as low as $78.38 and last traded at $78.38. Approximately 5 shares were traded during trading, a decline of 95% from the average daily volume of 100 shares. The stock had previously closed at $98.00.

Qt Group Oyj Price Performance

The business has a 50-day simple moving average of $97.61 and a 200 day simple moving average of $94.56.

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.