Zacks Investment Research Lowers Mitie Group (OTCMKTS:MITFY) to Sell

Mitie Group (OTCMKTS:MITFYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “Mitie Group plc provides strategic outsourcing services. The company’s operating segment includes Soft FM, Hard FM, Property Management and Healthcare. Soft FM segment includes cleaning and environmental services, security, catering and front of house services. Hard FM segment includes technical, building maintenance and energy services. Property management segment provides repair and maintenance services in the social housing market. Healthcare segment provides care at home for people who need help and support due to illness, infirmity or disability. It operates primarily in the United Kingdom, the Republic of Ireland, Guernsey, Jersey, Germany, France, Finland, Norway, Sweden, the Netherlands, Spain, Poland, Switzerland, Belgium, Nigeria, Kenya, Ghana, the United Arab Emirates, and internationally. Mitie Group plc is headquartered in Bristol, the United Kingdom. “

MITFY opened at $2.72 on Thursday. The stock’s 50-day moving average price is $3.01 and its 200 day moving average price is $3.34. Mitie Group has a 12-month low of $2.50 and a 12-month high of $4.20.

About Mitie Group (Get Rating)

Mitie Group plc, through with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The company operates in six segments: Business Services, Technical Services, Care & Custody, Landscapes, Waste, and Interserve. The Business Services segment offers security services, such as manned guarding and technology-backed monitoring solutions, together with fire and security systems installations; cleaning focuses on general, specialist, and technical cleaning services that include clean rooms, high-security environments, and window cleaning; and office services comprises document management, vetting, and front of house.

Featured Articles

Get a free copy of the Zacks research report on Mitie Group (MITFY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Mitie Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitie Group and related companies with MarketBeat.com's FREE daily email newsletter.