Mitie Group (OTCMKTS:MITFY) Shares Gap Down – Should You Sell?

Mitie Group PLC. (OTCMKTS:MITFY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $9.5732, but opened at $9.02. Mitie Group shares last traded at $9.02, with a volume of 318 shares changing hands.

Analyst Ratings Changes

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

Mitie Group Trading Down 5.8%

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 is $8.64 and its 200 day moving average is $7.95.

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.