Mitie Group (OTCMKTS:MITFY) Shares Gap Down - Time to Sell?

Mitie Group PLC. (OTCMKTS:MITFY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $7.78, but opened at $7.54. Mitie Group shares last traded at $7.54, with a volume of 1,431 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Mitie Group to a "hold" rating in a report on Wednesday, February 26th.

Mitie Group Price Performance

The firm's 50 day moving average is $7.78 and its 200 day moving average is $6.51. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.89 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 issued a $0.1304 dividend. This represents a yield of 2.4%. This is an increase 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.