Quoted price definition
/What is a Quoted Price in the Financial Markets?
In the financial markets, a quoted price is the last price at which a trade took place. This is the lowest price at which the holder of a security is willing to sell it. This price will vary through the day during a trading session, as supply and demand changes over time. If there is strong demand for a security, then its quoted price could change rapidly within a short period of time. Conversely, the quoted price may not change much when there is little demand for a security.
The shareholders of a business routinely follow the quoted price of its stock, to monitor changes in their investment in the organization.
What is the Quoted Price for Goods and Services?
In other sales transactions, the quoted price is the estimate given to provide goods or services. If the actual price turns out to be higher than the quoted price, the seller has to justify the reason for the increase and the buyer has to agree to pay the difference.