Mitie Group (OTCMKTS:MITFY) Reaches New 52-Week High – Should You Buy?

Mitie Group PLC. (OTCMKTS:MITFY)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $9.60 and last traded at $9.60, with a volume of 776 shares changing hands. The stock had previously closed at $9.4140.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of 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, According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Mitie Group Stock Performance

The company has a debt-to-equity ratio of 1.05, a current ratio of 0.94 and a quick ratio of 0.92. The company’s 50-day moving average is $8.92 and its 200-day moving average is $8.17.

About Mitie Group

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.