Mitie Group (OTCMKTS:MITFY) Sets New 1-Year High – Here’s What Happened

Shares of Mitie Group PLC. (OTCMKTS:MITFY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.1170 and last traded at $9.1170, with a volume of 754 shares traded. The stock had previously closed at $8.90.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Mitie Group to a “strong-buy” rating in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Mitie Group has an average rating of “Strong Buy”.

Mitie Group Stock Performance

The firm’s fifty day simple moving average is $8.41 and its 200 day simple moving average is $7.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.94 and a quick ratio of 0.93.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.