Mitie Group (OTCMKTS:MITFY) Reaches New 52-Week High – Here’s Why

Mitie Group PLC. (OTCMKTS:MITFY) reached a new 52-week high during trading on Tuesday . The company traded as high as $10.12 and last traded at $10.12, with a volume of 465 shares. The stock had previously closed at $9.52.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Mitie Group to a “strong-buy” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Mitie Group Price Performance

The stock’s 50-day moving average is $9.29 and its two-hundred day moving average is $8.45. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.92 and a current ratio of 0.94.

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.