Mitie Group (LON:MTO) Sets New 12-Month High at $84.00

Mitie Group plc (LON:MTO – Get Rating)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 84 ($1.03) and last traded at GBX 82.40 ($1.01), with a volume of 7098 shares changing hands. The stock had previously closed at GBX 82 ($1.00).

Mitie Group Stock Performance

The company has a market capitalization of £1.12 billion and a PE ratio of 4,100.00. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 79.07. The firm’s 50-day simple moving average is GBX 76.83 and its 200-day simple moving average is GBX 73.17.

Mitie Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Thursday, December 15th will be given a GBX 0.70 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, December 15th. This represents a yield of 0.92%. Mitie Group’s dividend payout ratio (DPR) is 90.00%.

Insider Transactions at Mitie Group

In other Mitie Group news, insider Derek Mapp purchased 11,442 shares of the stock in a transaction dated Tuesday, January 3rd. The stock was purchased at an average price of GBX 76 ($0.93) per share, with a total value of £8,695.92 ($10,611.25). In other news, insider Simon Kirkpatrick sold 6,332 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of GBX 73 ($0.89), for a total value of £4,622.36 ($5,640.46). Also, insider Derek Mapp purchased 11,442 shares of the stock in a transaction dated Tuesday, January 3rd. The stock was acquired at an average cost of GBX 76 ($0.93) per share, with a total value of £8,695.92 ($10,611.25). In the last quarter, insiders acquired 11,824 shares of company stock valued at $899,682.

Mitie Group Company Profile

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Mitie Group plc, together with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The company operates in eight segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities, Care & Custody, Landscapes, Waste, and Spain.