QinetiQ Group (OTCMKTS:QNTQY) Stock Price Down 5.7% – What’s Next?

QinetiQ Group plc (OTCMKTS:QNTQY) was down 5.7% during mid-day trading on Monday . The stock traded as low as $22.00 and last traded at $22.0550. Approximately 1,447 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 4,395 shares. The stock had previously closed at $23.3980.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded shares of QinetiQ Group from a “hold” rating to a “strong-buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, QinetiQ Group has an average rating of “Buy”.

QinetiQ Group Price Performance

The business has a 50-day moving average of $25.89 and a 200-day moving average of $26.51.

QinetiQ Group Company Profile

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.