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

Mitie Group PLC. (OTCMKTS:MITFY) shares gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Mitie Group to a “strong-buy” rating in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Mitie Group Trading Down 0.6%

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.92 and a current ratio of 0.94. The stock’s 50-day moving average is $8.99 and its 200-day moving average is $8.23.

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.