Mitie Group (LON:MTO) Stock Price Crosses Above 200-Day Moving Average of $109.78

Mitie Group plc (LON:MTOGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 109.78 ($1.41) and traded as high as GBX 118.40 ($1.52). Mitie Group shares last traded at GBX 116.40 ($1.49), with a volume of 2,506,612 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upped their price target on Mitie Group from GBX 140 ($1.79) to GBX 145 ($1.86) and gave the company a “buy” rating in a research report on Monday, June 24th.

Get Our Latest Stock Analysis on Mitie Group

Mitie Group Stock Performance

The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 69.61. The firm has a 50-day simple moving average of GBX 118.58 and a two-hundred day simple moving average of GBX 109.78. The company has a market capitalization of £1.49 billion, a price-to-earnings ratio of 1,662.86, a price-to-earnings-growth ratio of 10.10 and a beta of 1.30.

Mitie Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, August 5th. Stockholders of record on Thursday, June 20th will be issued a dividend of GBX 3 ($0.04) per share. This is a positive change from Mitie Group’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, June 20th. This represents a dividend yield of 2.5%. Mitie Group’s dividend payout ratio is currently 4,285.71%.

Insider Activity

In other news, insider Simon Kirkpatrick sold 349,151 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of GBX 117 ($1.50), for a total transaction of £408,506.67 ($523,256.91). In other news, insider Simon Kirkpatrick sold 349,151 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of GBX 117 ($1.50), for a total transaction of £408,506.67 ($523,256.91). Also, insider Salma Shah acquired 2,360 shares of the stock in a transaction dated Monday, July 1st. The shares were bought at an average cost of GBX 118 ($1.51) per share, for a total transaction of £2,784.80 ($3,567.06). In the last quarter, insiders have purchased 31,394 shares of company stock valued at $3,589,365. Insiders own 10.32% of the company’s stock.

About Mitie Group

(Get Free Report)

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.

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