Mitie Group (LON:MTO) Shares Pass Above 200 Day Moving Average of $100.17

Shares of Mitie Group plc (LON:MTOGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 100.17 ($1.27) and traded as high as GBX 105 ($1.33). Mitie Group shares last traded at GBX 103.60 ($1.31), with a volume of 730,455 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 125 ($1.58) price objective on shares of Mitie Group in a research note on Monday, November 6th.

Get Our Latest Research Report on MTO

Mitie Group Stock Performance

The firm’s fifty day simple moving average is GBX 100.09 and its 200 day simple moving average is GBX 100.17. The company has a market capitalization of £1.37 billion, a price-to-earnings ratio of 1,480.00, a PEG ratio of 10.10 and a beta of 1.33. The company has a debt-to-equity ratio of 69.61, a current ratio of 0.93 and a quick ratio of 0.83.

Mitie Group Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, December 14th were issued a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.94%. The ex-dividend date was Thursday, December 14th. Mitie Group’s payout ratio is 4,285.71%.

Insiders Place Their Bets

In other news, insider Mary Reilly bought 2,098 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was bought at an average cost of GBX 100 ($1.26) per share, for a total transaction of £2,098 ($2,649.66). In related news, insider Phillip Bentley purchased 117,994 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average cost of GBX 105 ($1.33) per share, for a total transaction of £123,893.70 ($156,470.95). Also, insider Mary Reilly purchased 2,098 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were bought at an average price of GBX 100 ($1.26) per share, with a total value of £2,098 ($2,649.66). Insiders bought a total of 120,392 shares of company stock worth $12,615,670 over the last ninety days. 9.99% of the stock is currently owned by company insiders.

Mitie Group Company Profile

(Get Free Report)

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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