Mitie Group (OTCMKTS:MITFY) Shares Gap Down – Time to Sell?

Mitie Group PLC. (OTCMKTS:MITFY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $9.4140, but opened at $9.10. Mitie Group shares last traded at $9.48, with a volume of 941 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of 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, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Mitie Group Stock Performance

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

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.