Mitie Group (OTCMKTS:MITFY) Shares Gap Up – Here’s What Happened
by Michael Walen · The Markets DailyMitie Group PLC. (OTCMKTS:MITFY – Get Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $8.82, but opened at $9.1715. Mitie Group shares last traded at $9.1715, with a volume of 501 shares changing hands.
Analyst Ratings Changes
Separately, The Goldman Sachs Group upgraded Mitie Group to a “strong-buy” rating in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Mitie Group has a consensus rating of “Strong Buy”.
View Our Latest Stock Analysis on MITFY
Mitie Group Trading Down 3.8%
The stock has a 50-day moving average price of $8.70 and a 200 day moving average price of $7.99. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75.
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.