QinetiQ Group (LON:QQ) Shares Cross Above 200-Day Moving Average – What’s Next?

QinetiQ Group plc (LON:QQ) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

QinetiQ Group Price Performance

The stock’s 50-day simple moving average is GBX 459.88 and its 200 day simple moving average is GBX 467.57. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20. The company has a market cap of £2.78 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.47 and a beta of 0.31.

QinetiQ Group (LON:QQ) last posted its earnings results on Thursday, May 21st. The company reported GBX 31.50 EPS for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. The company had revenue of GBX 192.26 billion for the quarter. On average, equities research analysts anticipate that QinetiQ Group plc will post 26.1405108 EPS for the current fiscal year.

QinetiQ Group declared that its board has approved a share buyback plan on Wednesday, March 25th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically 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.