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Mitie Group (OTCMKTS:MITFY) Hits New 1-Year High - Here's What Happened

Mitie Group logo with Business Services background

Mitie Group plc (OTCMKTS:MITFY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.51 and last traded at $8.42, with a volume of 5607 shares trading hands. The stock had previously closed at $8.31.

Wall Street Analysts Forecast Growth

MITFY has been the subject of a number of research reports. The Goldman Sachs Group raised shares of Mitie Group to a "hold" rating in a report on Wednesday, February 26th. Berenberg Bank raised shares of Mitie Group to a "strong-buy" rating in a research report on Wednesday, January 29th.

Check Out Our Latest Research Report on Mitie Group

Mitie Group Price Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.90 and a quick ratio of 0.89. The company's 50-day simple moving average is $7.07 and its 200 day simple moving average is $6.21.

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.

Further Reading

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