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

QinetiQ Group plc (LON:QQ)’s share price 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 traded.

QinetiQ Group Price Performance

The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13. The stock has a market capitalization of £2.60 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 1.47 and a beta of 0.31. The company has a 50-day moving average of GBX 459.63 and a 200-day moving average of GBX 468.68.

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

QinetiQ Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 25th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign 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.