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Mitie Group (OTCMKTS:MITFY) Shares Down 2.3% - What's Next?

Mitie Group logo with Business Services background

Key Points

  • Mitie Group shares fell by 2.3% on Monday, trading at $7.35, with a significant decline in volume compared to the average daily trades.
  • The company announced a dividend increase to $0.1304, payable on August 19th, representing a yield of 2.4%.
  • Mitie Group operates in various sectors including facilities management, technical services, and decarbonization efforts in the UK and internationally.
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Mitie Group PLC. (OTCMKTS:MITFY - Get Free Report) shares dropped 2.3% on Monday . The stock traded as low as $7.35 and last traded at $7.35. Approximately 3,468 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 6,361 shares. The stock had previously closed at $7.52.

Mitie Group Stock Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 0.94 and a quick ratio of 0.93. The company's 50-day simple moving average is $7.74 and its two-hundred day simple moving average is $6.86.

Mitie Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, August 19th. Shareholders of record on Monday, June 23rd will be given a $0.1304 dividend. The ex-dividend date is Friday, June 20th. This is an increase from Mitie Group's previous dividend of $0.07. This represents a yield of 2.4%.

About Mitie Group

(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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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