Mitie Group (LON:MTO) Stock Crosses Above Two Hundred Day Moving Average of $109.78

Mitie Group plc (LON:MTO - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

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

Mitie Group Stock Performance

The stock's 50-day simple moving average is GBX 118.61 and its 200-day simple moving average is GBX 109.91. The stock has a market cap of £1.51 billion, a price-to-earnings ratio of 1,680.00, a price-to-earnings-growth ratio of 10.10 and a beta of 1.30. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 69.61.

Mitie Group Increases Dividend

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

Insiders Place Their Bets

In other Mitie Group news, insider Chet Patel bought 28,781 shares of the firm's stock in a transaction on Monday, June 17th. The shares were purchased at an average price of GBX 114 ($1.46) per share, for a total transaction of £32,810.34 ($42,026.82). In other news, insider Chet Patel purchased 28,781 shares of Mitie Group stock in a transaction that occurred on Monday, June 17th. The shares were acquired at an average price of GBX 114 ($1.46) per share, for a total transaction of £32,810.34 ($42,026.82). Also, insider Simon Kirkpatrick sold 349,151 shares of the stock in a transaction that occurred on 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). Insiders have acquired a total of 31,394 shares of company stock worth $3,589,365 in the last quarter. Corporate insiders own 10.32% of the company's stock.

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.