Mitie Group (OTCMKTS:MITFY) Trading 6.8% Higher – Time to Buy?

Mitie Group PLC. (OTCMKTS:MITFY) shares rose 6.8% on Wednesday . The company traded as high as $8.93 and last traded at $8.93. Approximately 168 shares changed hands during trading, a decline of 97% from the average daily volume of 6,469 shares. The stock had previously closed at $8.36.

Wall Street Analysts Forecast Growth

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

Mitie Group Stock Up 1.9%

The business’s fifty day moving average is $8.27 and its two-hundred day moving average is $7.88. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.75.

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.