QinetiQ Group (LON:QQ) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

QinetiQ Group plc (LON:QQ)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 436.97 ($5.69) and traded as high as GBX 462.80 ($6.02). QinetiQ Group shares last traded at GBX 455.60 ($5.93), with a volume of 2,111,229 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of QinetiQ Group in a report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 457.50 ($5.96).

QinetiQ Group Stock Performance

The company has a market capitalization of £2.58 billion, a P/E ratio of 1,907.50, a P/E/G ratio of 1.47 and a beta of 0.48. 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’s fifty day moving average is GBX 457.89 and its 200 day moving average is GBX 438.38.

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.