Mitie Group (OTCMKTS:MITFY) Shares Gap Up – Here’s Why

Shares of Mitie Group PLC. (OTCMKTS:MITFY) gapped up prior to trading on Tuesday . The stock had previously closed at $8.36, but opened at $8.76. Mitie Group shares last traded at $8.76, with a volume of 275 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Mitie Group to a “strong-buy” rating in a research report on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Mitie Group presently has a consensus rating of “Strong Buy”.

Mitie Group Stock 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’s 50-day moving average price is $8.25 and its 200 day moving average price is $7.87.

Mitie Group Company Profile

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.