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

QinetiQ Group plc (LON:QQ) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 433.37 ($5.62) and traded as high as GBX 464.20 ($6.02). QinetiQ Group shares last traded at GBX 458.60 ($5.95), with a volume of 744,054 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of QinetiQ Group in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, QinetiQ Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 457.50 ($5.93).

QinetiQ Group Price Performance

The stock has a market cap of £2.59 billion, a price-to-earnings ratio of 1,912.50, a P/E/G ratio of 1.47 and a beta of 0.48. The company has a 50 day simple moving average of GBX 459.92 and a 200-day simple moving average of GBX 434.12. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 42.47.

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.