Mitie Group (LON:MTO) Shares Cross Below 200 Day Moving Average - Should You Sell?

Mitie Group plc (LON:MTO - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 117.76 ($1.49) and traded as low as GBX 108.40 ($1.37). Mitie Group shares last traded at GBX 108.40 ($1.37), with a volume of 1,813,557 shares traded.

Mitie Group Stock Up 2.4 %

The company has a debt-to-equity ratio of 67.87, a current ratio of 0.93 and a quick ratio of 0.83. The company has a market capitalization of £1.38 billion, a PE ratio of 1,233.33, a P/E/G ratio of 10.10 and a beta of 1.41. The business's 50 day simple moving average is GBX 113.84 and its 200 day simple moving average is GBX 117.69.

Mitie Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, February 4th. Investors of record on Thursday, December 19th will be issued a GBX 1.30 ($0.02) dividend. This represents a yield of 1.17%. The ex-dividend date is Thursday, December 19th. Mitie Group's dividend payout ratio is presently 4,444.44%.

Insiders Place Their Bets

In related news, insider Phillip Bentley bought 200,000 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average price of GBX 109 ($1.38) per share, for a total transaction of £218,000 ($275,148.30). Also, insider Derek Mapp bought 8,189 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were purchased at an average cost of GBX 119 ($1.50) per share, for a total transaction of £9,744.91 ($12,299.52). 5.65% of the stock is owned by insiders.

Mitie Group Company Profile

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.