Mitie Group plc (OTCMKTS:MITFY – Get Rating) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 2,100 shares, a decline of 47.5% from the April 15th total of 4,000 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 3.5 days.
Shares of Mitie Group stock opened at $2.83 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.08 and a quick ratio of 1.07. The firm has a fifty day moving average price of $2.90 and a 200 day moving average price of $3.26. Mitie Group has a 1 year low of $2.50 and a 1 year high of $4.20.
Separately, Zacks Investment Research upgraded shares of Mitie Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th.
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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