QinetiQ Group (LON:QQ) Stock Passes Above 200-Day Moving Average of $338.47

Shares of QinetiQ Group plc (LON:QQ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 338.47 ($4.21) and traded as high as GBX 349.40 ($4.35). QinetiQ Group shares last traded at GBX 333.60 ($4.15), with a volume of 3,445,919 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their target price on QinetiQ Group from GBX 440 ($5.48) to GBX 445 ($5.54) and gave the company a “buy” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 443.40 ($5.52).

QinetiQ Group Price Performance

The firm has a 50 day moving average price of GBX 364.35 and a 200 day moving average price of GBX 338.47. The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 39.57. The stock has a market cap of £1.93 billion, a P/E ratio of 1,853.33, a P/E/G ratio of 1.47 and a beta of 0.38.

QinetiQ Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 2nd. Stockholders of record on Thursday, January 4th were paid a GBX 2.60 ($0.03) dividend. This represents a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, January 4th. QinetiQ Group’s dividend payout ratio (DPR) is currently 4,444.44%.

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products 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.