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Mitie Group (OTCMKTS:MITFY) Stock Price Up 7% - Here's Why

Mitie Group logo with Business Services background

Mitie Group PLC. (OTCMKTS:MITFY - Get Free Report)'s share price rose 7% during trading on Monday . The stock traded as high as $7.98 and last traded at $7.98. Approximately 250 shares were traded during trading, a decline of 97% from the average daily volume of 9,507 shares. The stock had previously closed at $7.46.

Mitie Group Price Performance

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 company has a 50 day moving average price of $7.88 and a 200 day moving average price of $6.69.

Mitie Group Increases Dividend

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

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.

Further Reading

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