Mitie Group (LON:MTO) Shares Cross Above Two Hundred Day Moving Average of $75.11

Mitie Group plc (LON:MTOGet Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 75.11 ($0.92) and traded as high as GBX 78.80 ($0.96). Mitie Group shares last traded at GBX 77.60 ($0.95), with a volume of 1,832,125 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Numis Securities reaffirmed an “add” rating and set a GBX 90 ($1.10) target price on shares of Mitie Group in a research report on Tuesday, February 14th.

Mitie Group Trading Down 1.3 %

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 stock has a 50-day simple moving average of GBX 80.37 and a two-hundred day simple moving average of GBX 75.11. The firm has a market capitalization of £1.06 billion, a P/E ratio of 3,880.00, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45.

Insider Transactions at Mitie Group

In related news, insider Derek Mapp purchased 11,442 shares of Mitie Group stock in a transaction dated Tuesday, January 3rd. The stock was purchased at an average cost of GBX 76 ($0.93) per share, with a total value of £8,695.92 ($10,598.32). In other news, insider Simon Kirkpatrick sold 70,200 shares of the business’s stock in a transaction on Monday, December 19th. The stock was sold at an average price of GBX 74 ($0.90), for a total value of £51,948 ($63,312.61). Also, insider Derek Mapp bought 11,442 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were acquired at an average price of GBX 76 ($0.93) per share, for a total transaction of £8,695.92 ($10,598.32). Corporate insiders own 5.43% of the company’s stock.

Mitie Group Company Profile

(Get Rating)

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.

Further Reading

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