Mitie Group PLC. (OTCMKTS:MITFY – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 22 shares, a drop of 94.3% from the September 15th total of 386 shares. Based on an average trading volume of 2,231 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Mitie Group Stock Performance
Shares of MITFY stock traded down $0.10 during midday trading on Friday, reaching $11.57. 327 shares of the stock were exchanged, compared to its average volume of 1,082. The company’s 50 day moving average is $11.11 and its two-hundred day moving average is $9.91. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Mitie Group has a 1 year low of $7.12 and a 1 year high of $12.11.
Analysts Set New Price Targets
Separately, Berenberg Bank cut Mitie Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.
About Mitie Group
Mitie Group plc is a United Kingdom-based strategic outsourcing and facilities management company. It helps organizations operate and maintain their buildings, infrastructure and estates, providing services that combine technical expertise, property management and day-to-day operational support.
The company’s activities include engineering and maintenance, energy and decarbonization services, security, cleaning, front-of-house support, catering and workplace management. Mitie also provides specialist services for critical infrastructure, including utilities, transport and defense-related facilities, as well as public-sector and commercial properties.
Mitie serves customers primarily across the United Kingdom and has a long history in facilities and technical services.
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