Mitie Group (OTCMKTS:MITFY) Sees Strong Trading Volume - Here's Why

Key Points

• Mitie Group experienced a decrease in trading volume, with 8,408 shares traded, down 9% from the previous session.
• The company declared a dividend of $0.1304 per share, which represents a substantial yield of 240.0%, an increase from the previous dividend of $0.07.
• Mitie Group provides a range of facilities management services in the UK and internationally, including decarbonization and energy solutions.

Mitie Group PLC. (OTCMKTS:MITFY - ) saw unusually-high trading volume on Friday . Approximately 8,408 shares were traded during trading, a decline of 9% from the previous session's volume of 9,212 shares.The stock last traded at $7.56 and had previously closed at $7.69.

Mitie Group Price Performance

The firm has a 50 day moving average of $7.69 and a two-hundred day moving average of $6.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.93 and a current ratio of 0.94.

Mitie Group Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, August 19th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.1304 per share. This represents a yield of 240.0%. This is a positive change from Mitie Group's previous dividend of $0.07. The ex-dividend date of this dividend is Friday, June 20th.

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.

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