Mitie Group (OTCMKTS:MITFY) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Mitie Group plc (OTCMKTS:MITFY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.89 and traded as high as $5.99. Mitie Group shares last traded at $5.99, with a volume of 4,455 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Berenberg Bank raised shares of Mitie Group to a "strong-buy" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group upgraded Mitie Group to a "hold" rating in a report on Wednesday, February 26th.

Mitie Group Stock Down 5.4 %

The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.63. The firm's fifty day moving average is $5.94 and its 200 day moving average is $5.88.

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.