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

QinetiQ Group plc (LON:QQ)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 429.43 ($5.58) and traded as high as GBX 472.80 ($6.14). QinetiQ Group shares last traded at GBX 463 ($6.01), with a volume of 473,943 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, QinetiQ Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 457.50 ($5.94).

QinetiQ Group Stock Performance

The stock has a market capitalization of £2.61 billion, a price-to-earnings ratio of 1,926.67, a P/E/G ratio of 1.47 and a beta of 0.48. The company’s fifty day simple moving average is GBX 461.64 and its 200 day simple moving average is GBX 429.93. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 42.47.

QinetiQ Group Company Profile

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.