Mitie Group (LON:MTO) Share Price Crosses Above 200-Day Moving Average of $81.29

Mitie Group plc (LON:MTO – Get Rating) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 81.29 ($1.01) and traded as high as GBX 91.63 ($1.14). Mitie Group shares last traded at GBX 89.40 ($1.11), with a volume of 1,601,642 shares changing hands.

Wall Street Analyst Weigh In

Separately, Numis Securities reaffirmed an “add” rating and set a GBX 90 ($1.12) price target on shares of Mitie Group in a research note on Tuesday, February 14th.

Mitie Group Price Performance

The business has a 50-day moving average price of GBX 87.48 and a 200 day moving average price of GBX 81.29. The company has a market cap of £1.22 billion, a price-to-earnings ratio of 4,470.00, a P/E/G ratio of 10.10 and a beta of 1.45. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 79.07.

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.