QinetiQ Group (OTCMKTS:QNTQY) Stock Price Up 2.9% – Time to Buy?

QinetiQ Group plc (OTCMKTS:QNTQY)’s share price traded up 2.9% on Monday . The stock traded as high as $20.45 and last traded at $20.33. 1,100 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 16,043 shares. The stock had previously closed at $19.75.

QinetiQ Group Price Performance

The firm’s 50 day simple moving average is $20.93 and its two-hundred day simple moving average is $23.09.

QinetiQ Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 10th will be paid a $0.1197 dividend. The ex-dividend date of this dividend is Friday, January 10th. QinetiQ Group’s dividend payout ratio is presently -89.08%.

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products 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.