Mitie Group (OTCMKTS:MITFY) Trading 5.5% Higher - Time to Buy?

Shares of Mitie Group PLC. (OTCMKTS:MITFY - Get Free Report) traded up 5.5% during mid-day trading on Friday . The company traded as high as $7.89 and last traded at $7.89. 207 shares were traded during mid-day trading, a decline of 98% from the average session volume of 9,874 shares. The stock had previously closed at $7.48.

Mitie Group Price Performance

The firm's 50-day simple moving average is $7.86 and its 200 day simple moving average is $6.56. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75.

Mitie Group Increases Dividend

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

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.

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