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QinetiQ Group (LON:QQ) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

QinetiQ Group logo with Industrials background

QinetiQ Group plc (LON:QQ - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 474.06 ($6.34) and traded as high as GBX 476 ($6.36). QinetiQ Group shares last traded at GBX 470 ($6.28), with a volume of 1,065,345 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on QQ. Shore Capital reaffirmed a "hold" rating on shares of QinetiQ Group in a research note on Thursday, July 17th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 570 target price on shares of QinetiQ Group in a research note on Thursday, July 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 558.33.

Read Our Latest Stock Analysis on QinetiQ Group

QinetiQ Group Stock Up 1.8%

The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35. The stock has a market capitalization of £2.64 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 1.47 and a beta of 0.48. The firm's fifty day simple moving average is GBX 496.74 and its 200 day simple moving average is GBX 474.06.

About QinetiQ Group

(Get Free Report)

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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