QinetiQ Group (OTCMKTS:QNTQF) Shares Down 13.2% – Here’s Why

QinetiQ Group plc (OTCMKTS:QNTQF) traded down 13.2% during mid-day trading on Thursday . The company traded as low as $4.95 and last traded at $4.95. 504 shares were traded during mid-day trading, a decline of 70% from the average session volume of 1,700 shares. The stock had previously closed at $5.70.

QinetiQ Group Stock Down 13.2 %

The stock’s fifty day simple moving average is $5.09 and its 200-day simple moving average is $5.51.

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.