Mitie Group (OTCMKTS:MITFY) Shares Gap Up – What’s Next?

Shares of Mitie Group PLC. (OTCMKTS:MITFY) gapped up before the market opened on Tuesday . The stock had previously closed at $8.82, but opened at $9.1715. Mitie Group shares last traded at $9.1715, with a volume of 501 shares changing hands.

Analysts Set New Price Targets

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, Based on data from MarketBeat, Mitie Group has a consensus rating of “Strong Buy”.

Mitie Group Price Performance

The company’s 50-day moving average price is $8.65 and its 200 day moving average price is $7.97. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.94 and a quick ratio of 0.93.

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.