Mitie Group (OTCMKTS:MITFY) Shares Gap Down – Should You Sell?

Mitie Group PLC. (OTCMKTS:MITFY) shares gapped down before the market opened on Friday . The stock had previously closed at $9.07, but opened at $8.53. Mitie Group shares last traded at $8.53, with a volume of 108 shares.

Analyst Upgrades and Downgrades

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

Mitie Group Stock Down 6.0%

The business has a fifty day simple moving average of $8.71 and a 200 day simple moving average of $7.99.

Mitie Group Company Profile

Mitie Group plc (OTCMKTS: MITFY) is a UK‐based provider of integrated facilities management and professional services. The company delivers a comprehensive suite of solutions including building maintenance, security, cleaning, catering, waste management, energy management, engineering services and project delivery. Through its technology-enabled platform, Mitie focuses on improving operational efficiency, sustainability and compliance for clients across a range of industries.

Founded in 1987 and listed on the London Stock Exchange in 2006, Mitie has grown through a combination of organic development and strategic acquisitions.