Mitie Group PLC. (OTCMKTS:MITFY – Get Free Report)’s share price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $11.14 and traded as high as $11.24. Mitie Group shares last traded at $11.24, with a volume of 101 shares.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank downgraded Mitie Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Mitie Group currently has an average rating of “Hold”.
Read Our Latest Stock Analysis on Mitie Group
Mitie Group Stock Performance
The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.87. The firm’s 50-day simple moving average is $11.14 and its 200 day simple moving average is $10.01.
About Mitie Group
Mitie Group is a UK-based outsourcing and facilities management company. It provides services that help businesses and public-sector organizations operate and maintain their buildings, workplaces and infrastructure. Its services include building and engineering maintenance, cleaning, security, energy management, landscaping and waste management, as well as projects to improve or adapt facilities. Mitie also provides technology-enabled services, including security monitoring and workplace management solutions.
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