Mitie Group (OTCMKTS:MITFY) Trading 6.8% Higher – What’s Next?

Mitie Group PLC. (OTCMKTS:MITFY) rose 6.8% during trading on Wednesday . The stock traded as high as $8.93 and last traded at $8.93. Approximately 168 shares changed hands during trading, a decline of 97% from the average daily volume of 6,469 shares. The stock had previously closed at $8.36.

Wall Street Analysts Forecast Growth

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

Mitie Group Stock Up 1.9%

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 firm’s fifty day moving average price is $8.27 and its 200-day moving average price is $7.88.

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.