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

Shares of Mitie Group PLC. (OTCMKTS:MITFY) gapped down before the market opened on Friday . The stock had previously closed at $9.5732, but opened at $9.02. Mitie Group shares last traded at $9.02, with a volume of 318 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Mitie Group to a “strong-buy” rating in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Mitie Group has a consensus rating of “Strong Buy”.

Mitie Group Stock Performance

The firm’s 50-day moving average is $8.64 and its 200 day moving average is $7.95. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.75.

About Mitie Group

Mitie Group plc (OTCMKTS: MITFY) is a UK‐based provider of integrated facilities management and professional services. The company delivers a comprehensive suite of solutions including building maintenance, security, cleaning, catering, waste management, energy management, engineering services and project delivery. Through its technology-enabled platform, Mitie focuses on improving operational efficiency, sustainability and compliance for clients across a range of industries.

Founded in 1987 and listed on the London Stock Exchange in 2006, Mitie has grown through a combination of organic development and strategic acquisitions.