QinetiQ Group (LON:QQ) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

QinetiQ Group plc (LON:QQ) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 467.33 and traded as high as GBX 491.60. QinetiQ Group shares last traded at GBX 480.40, with a volume of 1,280,006 shares traded.

QinetiQ Group Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20. The stock’s 50 day moving average price is GBX 459.92 and its two-hundred day moving average price is GBX 467.33. The firm has a market capitalization of £2.65 billion, a PE ratio of 19.89, a PEG ratio of 1.47 and a beta of 0.31.

QinetiQ Group (LON:QQ) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 31.50 earnings per share 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. On average, equities analysts expect that QinetiQ Group plc will post 26.1405108 earnings per share for the current year.

QinetiQ Group declared that its Board of Directors has authorized a share buyback program on Wednesday, March 25th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is 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.