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

Mitie Group PLC. (OTCMKTS:MITFY)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $10.12 and last traded at $10.12, with a volume of 465 shares changing hands. The stock had previously closed at $9.52.

Wall Street Analysts Forecast Growth

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

Mitie Group Stock Up 6.3%

The company has a debt-to-equity ratio of 1.05, a current ratio of 0.94 and a quick ratio of 0.92. The firm has a fifty day moving average of $9.29 and a 200 day moving average of $8.45.

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.