Mitie Group (OTCMKTS:MITFY) Hits New 1-Year High – What’s Next?

Mitie Group PLC. (OTCMKTS:MITFY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $9.97 and last traded at $9.97, with a volume of 148 shares. The stock had previously closed at $9.63.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Mitie Group to a “strong-buy” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has an average rating of “Strong Buy”.

Mitie Group Stock Down 0.1%

The company’s fifty day moving average price is $9.22 and its two-hundred day moving average price is $8.38. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 1.05.

Mitie Group Company Profile

Mitie Group plc (OTCMKTS: MITFY) is a UK‐based provider of integrated facilities management and professional services. The company delivers a comprehensive suite of solutions including building maintenance, security, cleaning, catering, waste management, energy management, engineering services and project delivery. Through its technology-enabled platform, Mitie focuses on improving operational efficiency, sustainability and compliance for clients across a range of industries.

Founded in 1987 and listed on the London Stock Exchange in 2006, Mitie has grown through a combination of organic development and strategic acquisitions.