Mitie Group (OTCMKTS:MITFF) Stock Price Up 4.4% – Time to Buy?

Mitie Group plc (OTCMKTS:MITFF) shares were up 4.4% on Friday . The stock traded as high as $2.4215 and last traded at $2.4215. Approximately 100,315 shares changed hands during mid-day trading, an increase of 649% from the average daily volume of 13,389 shares. The stock had previously closed at $2.32.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada started coverage on shares of Mitie Group in a research report on Thursday, December 4th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Mitie Group has an average rating of “Moderate Buy”.

Mitie Group Price Performance

The business has a 50-day simple moving average of $2.25 and a two-hundred day simple moving average of $2.07.

About Mitie Group

Mitie Group plc is a leading provider of facilities management and professional services in the United Kingdom. The company offers an integrated suite of solutions spanning cleaning, security, catering, engineering maintenance, energy management and waste disposal. Through its focus on lifecycle management and sustainability, Mitie helps organisations optimise operational efficiency, reduce environmental impact and maintain compliance across their property portfolios.

Serving both public and private sector clients, Mitie delivers tailored service offerings to industries such as healthcare, education, transportation, retail and government.