Mitie Group (OTCMKTS:MITFY) Shares Gap Down – Here’s What Happened

Mitie Group PLC. (OTCMKTS:MITFY) shares gapped down before the market opened on Monday . The stock had previously closed at $9.4140, but opened at $9.10. Mitie Group shares last traded at $9.48, with a volume of 941 shares changing hands.

Wall Street Analyst Weigh In

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

Mitie Group Price Performance

The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 1.05. The stock has a fifty day moving average price of $8.94 and a 200 day moving average price of $8.19.

About Mitie Group

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.