Mitie Group (LON:MTO) Stock Crosses Above Two Hundred Day Moving Average of $102.59

Mitie Group plc (LON:MTO)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 102.59 ($1.28) and traded as high as GBX 116.20 ($1.45). Mitie Group shares last traded at GBX 116 ($1.44), with a volume of 2,175,592 shares changing hands.

Mitie Group Stock Performance

The stock has a market cap of £1.54 billion, a price-to-earnings ratio of 1,657.14, a PEG ratio of 10.10 and a beta of 1.32. The company has a debt-to-equity ratio of 69.61, a quick ratio of 0.83 and a current ratio of 0.93. The company’s 50 day simple moving average is GBX 106.81 and its 200 day simple moving average is GBX 102.59.

Insider Buying and Selling at Mitie Group

In related news, insider Derek Mapp bought 9,153 shares of the stock in a transaction on Tuesday, April 2nd. The shares were purchased at an average price of GBX 107 ($1.33) per share, with a total value of £9,793.71 ($12,191.85). In other Mitie Group news, insider Phillip Bentley acquired 117,994 shares of the stock in a transaction dated Friday, February 2nd. The shares were bought at an average price of GBX 105 ($1.31) per share, with a total value of £123,893.70 ($154,230.92). Also, insider Derek Mapp acquired 9,153 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was acquired at an average cost of GBX 107 ($1.33) per share, for a total transaction of £9,793.71 ($12,191.85). 9.99% of the stock is owned by corporate insiders.

Mitie Group Company Profile

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.