QinetiQ Group (OTCMKTS:QNTQY) Rating Lowered to “Hold” at Kepler Capital Markets

Kepler Capital Markets lowered shares of QinetiQ Group (OTCMKTS:QNTQY) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

QinetiQ Group Price Performance

Shares of QNTQY opened at $19.76 on Tuesday. The business’s 50 day moving average price is $21.15 and its 200-day moving average price is $22.17. QinetiQ Group has a 52 week low of $17.64 and a 52 week high of $28.35.

QinetiQ Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 10th were given a $0.1197 dividend. 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.