Mitie Group (OTCMKTS:MITFY) Shares Gap Up – Here’s Why

by · The Markets Daily

Shares of Mitie Group PLC. (OTCMKTS:MITFY – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $8.36, but opened at $8.76. Mitie Group shares last traded at $8.76, with a volume of 275 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Mitie Group to a “strong-buy” rating in a research report on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Mitie Group presently has a consensus rating of “Strong Buy”.

Read Our Latest Report on MITFY

Mitie Group Stock Performance

The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.93 and a current ratio of 0.94. The company’s 50-day moving average price is $8.25 and its 200 day moving average price is $7.87.

Mitie Group Company Profile

(Get Free Report)

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.

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