QinetiQ Group (OTCMKTS:QNTQY) Shares Down 0.4% – Here’s Why

QinetiQ Group plc (OTCMKTS:QNTQY)’s share price traded down 0.4% during mid-day trading on Monday . The company traded as low as $20.20 and last traded at $20.36. 1,528 shares traded hands during trading, a decline of 72% from the average session volume of 5,385 shares. The stock had previously closed at $20.45.

QinetiQ Group Stock Performance

The stock has a 50 day simple moving average of $19.82 and a 200-day simple moving average of $22.19.

QinetiQ Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 10th were issued a dividend of $0.1197 per share. The ex-dividend date was Friday, January 10th. QinetiQ Group’s dividend payout ratio is currently -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.