Mitie Group plc (LON:MTO - Get Free Report)'s share price fell 13.2% during mid-day trading on Friday . The stock traded as low as GBX 137.83 ($1.86) and last traded at GBX 138.60 ($1.88). 14,960,798 shares traded hands during mid-day trading, an increase of 234% from the average session volume of 4,482,611 shares. The stock had previously closed at GBX 159.60 ($2.16).
Analyst Ratings Changes
Separately, Berenberg Bank lifted their price target on shares of Mitie Group from GBX 160 ($2.16) to GBX 165 ($2.23) and gave the stock a "buy" rating in a research report on Wednesday, April 16th.
Get Our Latest Stock Analysis on Mitie Group
Mitie Group Stock Performance
The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41. The stock has a market cap of £1.72 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. The company's 50-day simple moving average is GBX 140.27 and its 200-day simple moving average is GBX 122.50.
Mitie Group (LON:MTO - Get Free Report) last posted its quarterly 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 net margin of 2.52% and a return on equity of 28.24%. Analysts predict that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.
Mitie Group declared that its board has initiated a stock buyback program on Wednesday, April 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.
Insiders Place Their Bets
In other news, insider Derek Mapp acquired 8,571 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was purchased at an average price of GBX 115 ($1.56) per share, with a total value of £9,856.65 ($13,334.21). Over the last 90 days, insiders have acquired 8,797 shares of company stock worth $1,015,714. 5.65% of the stock is owned by insiders.
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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