Mitie Group (LON:MTO) Stock Passes Above 200-Day Moving Average of $38.23

Mitie Group plc (LON:MTO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 38.23 ($0.50) and traded as high as GBX 53.90 ($0.70). Mitie Group shares last traded at GBX 52.20 ($0.68), with a volume of 691,169 shares.

Separately, JPMorgan Chase & Co. boosted their target price on Mitie Group from GBX 38 ($0.50) to GBX 43 ($0.56) and gave the stock a “neutral” rating in a research note on Monday, February 1st. Five investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of GBX 43 ($0.56).

The company has a 50 day moving average price of GBX 47.23 and a 200-day moving average price of GBX 38.23. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 107.90. The company has a market cap of £747.47 million and a price-to-earnings ratio of 14.11.

Mitie Group Company Profile (LON:MTO)

Mitie Group plc, through its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. It offers engineering services, such as technical and building maintenance services, as well as offers specialist services, such as heating, cooling, lighting, water treatment, and building controls; and security services and products, including security management, front of house, document management, employee vetting, and procius.

Further Reading: Trading on Margin

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