Mitie Group (OTCMKTS:MITFY) Hits New 52-Week High – Still a Buy?

Mitie Group PLC. (OTCMKTS:MITFY) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.97 and last traded at $9.97, with a volume of 148 shares changing hands. The stock had previously closed at $9.63.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Mitie Group to a “strong-buy” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Mitie Group currently has an average rating of “Strong Buy”.

Mitie Group Price 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 firm has a 50 day moving average of $9.17 and a 200-day moving average of $8.37.

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.