Mitie Group (OTCMKTS:MITFY) Reaches New 12-Month High – Time to Buy?

Shares of Mitie Group plc (OTCMKTS:MITFY) hit a new 52-week high during trading on Wednesday . The company traded as high as $6.89 and last traded at $6.72, with a volume of 58061 shares trading hands. The stock had previously closed at $6.34.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MITFY. The Goldman Sachs Group upgraded shares of Mitie Group to a “hold” rating in a report on Wednesday, February 26th. Berenberg Bank raised Mitie Group to a “strong-buy” rating in a research report on Wednesday, January 29th.

Mitie Group Price Performance

The company’s 50-day simple moving average is $6.05 and its 200-day simple moving average is $5.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.90 and a quick ratio of 0.89.

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.