QinetiQ Group (LON:QQ) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

QinetiQ Group plc (LON:QQ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 468.68 and traded as high as GBX 476. QinetiQ Group shares last traded at GBX 470, with a volume of 773,576 shares.

QinetiQ Group Trading Up 0.1%

The firm has a market capitalization of £2.60 billion, a PE ratio of 19.49, a P/E/G ratio of 1.47 and a beta of 0.31. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20. The business’s fifty day moving average price is GBX 459.63 and its 200 day moving average price is GBX 468.68.

QinetiQ Group (LON:QQ) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 31.50 EPS for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. The business had revenue of GBX 192.26 billion during the quarter. As a group, analysts expect that QinetiQ Group plc will post 26.1405108 EPS for the current fiscal year.

QinetiQ Group announced that its board has initiated a share repurchase plan on Wednesday, March 25th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform, and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.