Table:
|  | High | Low |
| --- | --- | --- |
| 2019: |  |  |
| Fourth Quarter | $11.44 | $9.47 |
| Third Quarter | $14.96 | $10.26 |
| Second Quarter | $20.91 | $12.61 |
| First Quarter | $18.19 | $8.87 |
| 2018: |  |  |
| Fourth Quarter | $12.16 | $7.43 |
| Third Quarter | $20.60 | $10.95 |
| Second Quarter | $18.30 | $6.70 |
| First Quarter | $7.35 | $6.00 |
Paragraphs:
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Since August 18, 2004, our common stock has been trading on the NASDAQ Global Select Market under the symbol “TZOO.” The following table sets forth, for the periods indicated, the high and low sales prices per share of our common stock as reported by NASDAQ.
On March 3, 2020, the last reported sales price of our common stock on the NASDAQ Global Select Market was $8.64 per share.
As of March 3, 2020, there were approximately 197 stockholders of record of our shares.
Question:
What is the average quarterly low price for 2019?
Answer: (9.47+10.26+12.61+8.87)/4 = 10.3