Mitie Group PLC. (OTCMKTS:MITFY – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 22 shares, a decline of 94.3% from the September 15th total of 386 shares. Based on an average daily volume of 2,231 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Mitie Group Price Performance
MITFY stock traded down $0.10 on Friday, reaching $11.57. 327 shares of the company were exchanged, compared to its average volume of 1,082. Mitie Group has a 12 month low of $7.12 and a 12 month high of $12.11. The stock’s fifty day moving average price is $11.11 and its 200 day moving average price is $9.91. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.92.
Analyst Ratings Changes
Separately, Berenberg Bank lowered Mitie Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Mitie Group has a consensus rating of “Buy”.
About Mitie Group
Mitie Group plc is a United Kingdom-based strategic outsourcing and facilities management company. It helps organizations operate and maintain their buildings, infrastructure and estates, providing services that combine technical expertise, property management and day-to-day operational support.
The company’s activities include engineering and maintenance, energy and decarbonization services, security, cleaning, front-of-house support, catering and workplace management. Mitie also provides specialist services for critical infrastructure, including utilities, transport and defense-related facilities, as well as public-sector and commercial properties.
Mitie serves customers primarily across the United Kingdom and has a long history in facilities and technical services.
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