QinetiQ Group (LON:QQ) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• QinetiQ Group's shares surpassed their 200-day moving average, trading at GBX 503 ($6.72) with a peak at GBX 508.26 ($6.79).
• Analysts have varying ratings for the stock, with Berenberg Bank maintaining a "buy" rating and a price target of GBX 570 ($7.61).
• The company reported a net margin of 7.03% and has seen insider activity, including a sale of 75,060 shares and a purchase of 9,857 shares recently.

Shares of QinetiQ Group plc (LON:QQ - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 440.23 ($5.88) and traded as high as GBX 508.26 ($6.79). QinetiQ Group shares last traded at GBX 503 ($6.72), with a volume of 679,768 shares.

Analyst Upgrades and Downgrades

QQ has been the subject of a number of research reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 570 ($7.61) price objective on shares of QinetiQ Group in a report on Thursday, July 17th. Shore Capital reiterated a "hold" rating on shares of QinetiQ Group in a research note on Thursday, July 17th.

QinetiQ Group Stock Up 0.1%

The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. The business has a fifty day moving average of GBX 505.30 and a 200-day moving average of GBX 440.23. The stock has a market cap of £2.78 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48.

QinetiQ Group (LON:QQ - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) EPS for the quarter. QinetiQ Group had a net margin of 7.03% and a return on equity of 14.98%. Equities research analysts anticipate that QinetiQ Group plc will post 26.1405108 earnings per share for the current year.

Insider Buying and Selling

In other QinetiQ Group news, insider Steve Wadey sold 75,060 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of GBX 517 ($6.91), for a total value of £388,060.20 ($518,381.24). Also, insider Martin Cooper purchased 9,857 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were bought at an average price of GBX 505 ($6.75) per share, for a total transaction of £49,777.85 ($66,494.59). Insiders purchased 9,950 shares of company stock valued at $5,022,782 in the last quarter. 12.14% of the stock is owned by insiders.

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.

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