Mitie Group plc (LON:MTO - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 130.62 ($1.73) and traded as high as GBX 138 ($1.83). Mitie Group shares last traded at GBX 136.20 ($1.81), with a volume of 2,705,974 shares traded.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 165 ($2.19) target price on shares of Mitie Group in a report on Tuesday, July 22nd.
Check Out Our Latest Stock Analysis on MTO
Mitie Group Stock Performance
The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41. The stock has a fifty day moving average price of GBX 143.39 and a 200-day moving average price of GBX 130.89. The firm has a market capitalization of £1.76 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 10.10 and a beta of 1.41.
Mitie Group (LON:MTO - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported GBX 12.70 ($0.17) earnings per share (EPS) for the quarter. Mitie Group had a return on equity of 28.24% and a net margin of 2.52%. As a group, analysts anticipate that Mitie Group plc will post 10.9360519 earnings per share for the current fiscal year.
Mitie Group announced that its board has authorized a share buyback plan on Wednesday, April 16th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
Insiders Place Their Bets
In other Mitie Group news, insider Salma Shah purchased 2,360 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was purchased at an average cost of GBX 141 ($1.87) per share, with a total value of £3,327.60 ($4,416.78). Also, insider Derek Mapp bought 7,235 shares of the stock in a transaction dated Tuesday, July 1st. The stock was purchased at an average cost of GBX 141 ($1.87) per share, with a total value of £10,201.35 ($13,540.42). Over the last quarter, insiders bought 155,703 shares of company stock valued at $21,379,029. Company insiders own 5.65% of the company's stock.
About Mitie Group
(
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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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