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

Mitie Group logo with Business Services background

Shares of Mitie Group PLC. (OTCMKTS:MITFY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $7.30, but opened at $7.80. Mitie Group shares last traded at $7.80, with a volume of 374 shares changing hands.

Mitie Group Trading Up 2.2%

The firm's 50-day moving average price is $7.88 and its 200 day moving average price is $6.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.94 and a quick ratio of 0.93.

Mitie Group Increases Dividend

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

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.

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