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Mitie Group (OTCMKTS:MITFY) Shares Gap Down - Here's Why

Mitie Group logo with Business Services background

Mitie Group PLC. (OTCMKTS:MITFY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $7.75, but opened at $7.45. Mitie Group shares last traded at $7.45, with a volume of 118 shares traded.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Mitie Group to a "hold" rating in a research note on Wednesday, February 26th.

Read Our Latest Stock Report on MITFY

Mitie Group Trading Down 3.8%

The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75. The company has a fifty day moving average price of $7.81 and a two-hundred day moving average price of $6.54.

Mitie Group Increases Dividend

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

Mitie Group Company Profile

(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

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