Mitie Group (OTCMKTS:MITFY) Shares Down 3.8% – Here’s What Happened

Mitie Group PLC. (OTCMKTS:MITFY) shares traded down 3.8% during mid-day trading on Wednesday . The company traded as low as $9.07 and last traded at $9.07. 223 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 6,158 shares. The stock had previously closed at $9.4270.

Analyst Ratings Changes

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

Mitie Group Trading Down 3.8%

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 50-day moving average price is $8.68 and its 200 day moving average price is $7.98.

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.