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

Mitie Group PLC. (OTCMKTS:MITFY) gapped down prior to trading on Monday . The stock had previously closed at $8.8150, but opened at $8.4170. Mitie Group shares last traded at $8.4170, with a volume of 1,941 shares.

Analysts Set New Price Targets

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, According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Mitie Group Price Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 0.94 and a quick ratio of 0.93. The company has a fifty day simple moving average of $7.98 and a two-hundred day simple moving average of $7.82.

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.