Mitie Group (OTCMKTS:MITFY) Shares Gap Down - Should You Sell?

Key Points

• Mitie Group shares gapped down from a close of $7.54 to $7.35 at market open, indicating a decline in investor sentiment.
• The company's 50-day moving average is $7.62, suggesting the stock is currently below its recent average performance.
• Mitie Group operates in various segments including facilities management and serves clients in the UK and internationally, with services ranging from decarbonization to security systems.

Mitie Group PLC. (OTCMKTS:MITFY - )'s share price gapped down prior to trading on Thursday . The stock had previously closed at $7.54, but opened at $7.35. Mitie Group shares last traded at $7.35, with a volume of 1,280 shares changing hands.

Mitie Group Price Performance

The company has a 50 day moving average price of $7.62 and a 200-day moving average price of $7.42. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.75.

About Mitie Group

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.

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.