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Mitie Group (OTCMKTS:MITFY) Share Price Passes Below 50-Day Moving Average - Here's Why

Mitie Group logo with Business Services background
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Key Points

  • Mitie Group's stock dipped below its 50‑day moving average of $9.46, trading as low as $9.4450 on volume of 1,111 shares while remaining above its 200‑day MA of $8.60.
  • The Goldman Sachs Group upgraded Mitie to a "Strong Buy" on Nov. 11, and MarketBeat shows a current consensus rating of "Strong Buy".
  • Key fundamentals point to tight liquidity and moderate leverage, with a current ratio of 0.94, quick ratio of 0.92 and debt‑to‑equity of 1.05.
  • MarketBeat previews top five stocks to own in May.

Mitie Group PLC. (OTCMKTS:MITFY - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.46 and traded as low as $9.4450. Mitie Group shares last traded at $9.4450, with a volume of 1,111 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Mitie Group to a "strong-buy" rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

View Our Latest Stock Analysis on MITFY

Mitie Group Stock Performance

The company's 50 day simple moving average is $9.46 and its 200-day simple moving average is $8.60. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 1.05.

About Mitie Group

(Get Free Report)

Mitie Group plc OTCMKTS: MITFY is a UK‐based provider of integrated facilities management and professional services. The company delivers a comprehensive suite of solutions including building maintenance, security, cleaning, catering, waste management, energy management, engineering services and project delivery. Through its technology-enabled platform, Mitie focuses on improving operational efficiency, sustainability and compliance for clients across a range of industries.

Founded in 1987 and listed on the London Stock Exchange in 2006, Mitie has grown through a combination of organic development and strategic acquisitions.

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