Mitie Group (OTCMKTS:MITFF) Trading Up 0.5% – Should You Buy?

Mitie Group plc (OTCMKTS:MITFF)’s share price was up 0.5% during trading on Thursday . The company traded as high as $1.84 and last traded at $1.84. Approximately 330 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 16,331 shares. The stock had previously closed at $1.83.

Analyst Ratings Changes

A number of equities analysts have recently commented on MITFF shares. Panmure Gordon upgraded Mitie Group to a “buy” rating in a report on Tuesday, June 10th. Jefferies Financial Group downgraded shares of Mitie Group to a “hold” rating in a research note on Friday, June 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Mitie Group Price Performance

The stock’s 50 day simple moving average is $1.98 and its 200 day simple moving average is $1.78.

About Mitie Group

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.