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

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

QinetiQ Group Stock Up 2.9 %

The company’s fifty day simple moving average is $20.93 and its 200 day simple moving average is $23.09.

QinetiQ Group Cuts Dividend

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