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

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.

Mitie Group PLC. (OTCMKTS:MITFY - Get Free Report)'s stock price fell 2.3% on Monday . The stock traded as low as $7.35 and last traded at $7.35. 3,468 shares traded hands during trading, a decline of 45% from the average session volume of 6,361 shares. The stock had previously closed at $7.52.

Mitie Group Trading Down 5.1%

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

Mitie Group Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, June 20th. This represents a dividend yield of 240.0%. This is an increase from Mitie Group's previous dividend of $0.07.

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.