Mitie Group (OTCMKTS:MITFY) Reaches New 1-Year High – Still a Buy?

Mitie Group PLC. (OTCMKTS:MITFY) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $9.60 and last traded at $9.60, with a volume of 776 shares traded. The stock had previously closed at $9.4140.

Analysts Set New Price Targets

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

Mitie Group Trading Up 1.5%

The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 1.05. The company’s 50 day moving average is $8.94 and its 200-day moving average is $8.19.

Mitie Group Company Profile

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.