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

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.

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

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.