Mitie Group PLC. (OTCMKTS:MITFY – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 349 shares, an increase of 1,486.4% from the September 30th total of 22 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,034 shares, the days-to-cover ratio is presently 0.3 days.
Mitie Group Stock Performance
Mitie Group stock opened at $11.17 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.87. Mitie Group has a one year low of $7.95 and a one year high of $12.11. The business has a fifty day moving average of $11.11 and a two-hundred day moving average of $9.87.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank downgraded shares of Mitie Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.
View Our Latest Research Report on Mitie Group
About Mitie Group
Mitie Group plc is a United Kingdom-based strategic outsourcing and facilities management company. It provides services to organizations across the public and private sectors, helping customers operate, maintain, secure and improve their buildings, infrastructure and estates.
Its services include facilities management, engineering and technical maintenance, cleaning, security, landscaping, waste management and energy-related solutions. Mitie also supports customers with decarbonization projects, energy efficiency improvements and the transition toward lower-carbon buildings and operations.
The company serves a broad range of customers in the United Kingdom, including central government departments, defense organizations, local authorities, healthcare providers, commercial businesses and infrastructure operators.
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