Mitie Group (OTCMKTS:MITFY) Stock Rating Lowered by Zacks Investment Research

Mitie Group (OTCMKTS:MITFYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday, 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. “

OTCMKTS:MITFY opened at $2.56 on Friday. Mitie Group has a one year low of $2.50 and a one year high of $4.20. The company’s 50-day simple moving average is $2.93 and its 200 day simple moving average is $3.30.

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.

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