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Mitie Group (OTCMKTS:MITFY) Hits New 52-Week High - Time to Buy?

Mitie Group logo with Business Services background

Mitie Group plc (OTCMKTS:MITFY - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $8.03 and last traded at $8.03, with a volume of 1674 shares trading hands. The stock had previously closed at $8.00.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MITFY. The Goldman Sachs Group upgraded 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 report on Wednesday, January 29th.

Get Our Latest Stock Report on MITFY

Mitie Group Stock Performance

The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $6.59 and a 200 day moving average of $6.06.

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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