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

QinetiQ Group plc (LON:QQ - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

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

QinetiQ Group Stock Performance

The stock has a market cap of £1.93 billion, a PE ratio of 1,863.33, a P/E/G ratio of 1.47 and a beta of 0.38. The company has a fifty 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.

QinetiQ Group Cuts Dividend

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