Mitie Group (LON:MTO) Share Price Passes Above Two Hundred Day Moving Average of $81.29

Shares of Mitie Group plc (LON:MTOGet Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 81.29 ($1.01) and traded as high as GBX 91.63 ($1.14). Mitie Group shares last traded at GBX 89.40 ($1.11), with a volume of 1,601,642 shares.

Analysts Set New Price Targets

Separately, Numis Securities restated an “add” rating and set a GBX 90 ($1.12) price target on shares of Mitie Group in a research note on Tuesday, February 14th.

Mitie Group Trading Down 1.4 %

The stock has a market cap of ¬£1.22 billion, a P/E ratio of 4,470.00, a PEG ratio of 10.10 and a beta of 1.45. The company has a debt-to-equity ratio of 79.07, a current ratio of 0.88 and a quick ratio of 0.83. The business’s 50 day simple moving average is GBX 87.48 and its 200 day simple moving average is GBX 81.29.

About Mitie Group

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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.

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