Mitie Group (LON:MTO) Stock Price Crosses Above 200 Day Moving Average of $80.57

Mitie Group plc (LON:MTO – Get Rating)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 80.57 ($1.01) and traded as high as GBX 94.92 ($1.19). Mitie Group shares last traded at GBX 93.60 ($1.17), with a volume of 1,828,253 shares trading hands.

Analyst Ratings Changes

Separately, Numis Securities reiterated an “add” rating and set a GBX 90 ($1.13) price target on shares of Mitie Group in a report on Tuesday, February 14th.

Mitie Group Stock Down 0.8 %

The stock has a market capitalization of £1.27 billion, a price-to-earnings ratio of 4,680.00, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 79.07. The stock has a 50 day moving average price of GBX 85.91 and a 200 day moving average price of GBX 80.57.

About Mitie Group

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Mitie Group plc, together with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The company operates in eight segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities, Care & Custody, Landscapes, Waste, and Spain.