Mitie Group (OTCMKTS:MITFY) Hits New 52-Week High – Still a Buy?

Mitie Group PLC. (OTCMKTS:MITFY)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $9.97 and last traded at $9.97, with a volume of 148 shares traded. The stock had previously closed at $9.63.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Mitie Group to a “strong-buy” rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Mitie Group Trading Up 3.5%

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 company’s fifty day simple moving average is $9.17 and its two-hundred day simple moving average is $8.37.

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.