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

Mitie Group plc (LON:MTO – Get 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

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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.