Zacks Investment Research cut shares of MITIE Group PLC (NASDAQ:MITFY) from a hold rating to a strong sell rating in a report released on Friday morning.

According to Zacks, “Mitie Group plc provides strategic outsourcing services. The company’s operating segment includes Soft FM, Hard FM, Property Management and Healthcare. Soft FM segment includes cleaning and environmental services, security, catering and front of house services. Hard FM segment includes technical, building maintenance and energy services. Property management segment provides repair and maintenance services in the social housing market. Healthcare segment provides care at home for people who need help and support due to illness, infirmity or disability. It operates primarily in the United Kingdom, the Republic of Ireland, Guernsey, Jersey, Germany, France, Finland, Norway, Sweden, the Netherlands, Spain, Poland, Switzerland, Belgium, Nigeria, Kenya, Ghana, the United Arab Emirates, and internationally. Mitie Group plc is headquartered in Bristol, the United Kingdom. “

MITIE Group PLC (NASDAQ:MITFY) opened at 10.21 on Friday. MITIE Group PLC has a 12 month low of $9.07 and a 12 month high of $19.28. The firm’s 50-day moving average is $10.13 and its 200-day moving average is $12.55. The stock has a market capitalization of $904.60 million and a P/E ratio of 9.93.

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