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

Shares of Mitie Group plc (LON:MTO – Get 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

(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.