Mitie Group (OTCMKTS:MITFY) Reaches New 12-Month High – What’s Next?

Mitie Group plc (OTCMKTS:MITFY)’s share price reached a new 52-week high 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 Analysts Forecast Growth

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

Mitie Group Stock Up 6.0 %

The business’s 50 day simple moving average is $6.02 and its 200 day simple moving average is $5.88. 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.