Insider Buying: QinetiQ Group (LON:QQ) Insider Buys 31 Shares of Stock

QinetiQ Group plc (LON:QQ – Get Free Report) insider Steve Wadey purchased 31 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of GBX 479 per share, with a total value of £148.49.

Steve Wadey also recently made the following trade(s):

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• On Monday, May 11th, Steve Wadey bought 36 shares of QinetiQ Group stock. The shares were bought at an average cost of GBX 415 per share, with a total value of £149.40.
• On Thursday, April 9th, Steve Wadey purchased 31 shares of QinetiQ Group stock. The stock was bought at an average price of GBX 486 per share, for a total transaction of £150.66.

QinetiQ Group Trading Down 0.7%

QQ traded down GBX 3.20 on Wednesday, reaching GBX 472.40. 858,641 shares of the company traded hands, compared to its average volume of 88,555. QinetiQ Group plc has a one year low of GBX 292.20 and a one year high of GBX 491. The firm has a fifty day simple moving average of GBX 459.80 and a two-hundred day simple moving average of GBX 469.34. The company has a market cap of £2.61 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.47 and a beta of 0.32. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20.

QinetiQ Group (LON:QQ – Get Free Report) last issued its earnings results on Thursday, May 21st. The company reported GBX 31.50 EPS for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. The business had revenue of GBX 192.26 billion for the quarter. As a group, equities research analysts expect that QinetiQ Group plc will post 26.1405108 earnings per share for the current year.

QinetiQ Group declared that its board has approved a stock repurchase program on Wednesday, March 25th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

About QinetiQ Group

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QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions 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.

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