Mitie Group (LON:MTO) Shares Cross Below 200 Day Moving Average – What’s Next?

Mitie Group plc (LON:MTO)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 117.76 ($1.49) and traded as low as GBX 108.40 ($1.37). Mitie Group shares last traded at GBX 108.40 ($1.37), with a volume of 1,813,557 shares traded.

Mitie Group Trading Up 1.0 %

The firm has a 50-day moving average of GBX 113.97 and a two-hundred day moving average of GBX 117.76. The firm has a market capitalization of £1.36 billion, a P/E ratio of 1,204.44, a P/E/G ratio of 10.10 and a beta of 1.41. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 67.87.

Mitie Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Thursday, December 19th will be paid a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a dividend yield of 1.17%. Mitie Group’s payout ratio is currently 4,444.44%.

Insider Activity at Mitie Group

In other news, insider Derek Mapp bought 8,189 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was purchased at an average cost of GBX 119 ($1.51) per share, for a total transaction of £9,744.91 ($12,352.53). Also, insider Phillip Bentley purchased 200,000 shares of Mitie Group stock in a transaction dated Thursday, November 21st. The shares were purchased at an average price of GBX 109 ($1.38) per share, for a total transaction of £218,000 ($276,334.14). 5.65% of the stock is currently owned by insiders.

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.