QinetiQ Group (LON:QQ) Shares Up 0.1% – Time to Buy?

Posted by ABMN Staff on Dec 6th, 2024

Shares of QinetiQ Group plc (LON:QQ – Get Free Report) traded up 0.1% during mid-day trading on Thursday . The company traded as high as GBX 426.32 ($5.44) and last traded at GBX 423.80 ($5.41). 1,130,286 shares changed hands during trading, an increase of 1,176% from the average session volume of 88,555 shares. The stock had previously closed at GBX 423.20 ($5.40).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of QinetiQ Group in a research report on Tuesday, October 15th.

Get Our Latest Analysis on QQ

QinetiQ Group Stock Performance

The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 42.47. The company has a market cap of £2.37 billion, a price-to-earnings ratio of 1,765.83, a P/E/G ratio of 1.47 and a beta of 0.48. The stock has a 50 day moving average price of GBX 448.95 and a two-hundred day moving average price of GBX 449.17.

QinetiQ Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a dividend of GBX 2.80 ($0.04) per share. This represents a yield of 0.6%. The ex-dividend date is Thursday, January 9th. QinetiQ Group’s payout ratio is 3,333.33%.

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.