Mitie Group (OTCMKTS:MITFF) Shares Down 11.7% – Here’s Why

Shares of Mitie Group plc (OTCMKTS:MITFF) were down 11.7% on Thursday . The stock traded as low as $2.03 and last traded at $2.03. Approximately 3,000 shares traded hands during trading, a decline of 79% from the average daily volume of 14,618 shares. The stock had previously closed at $2.30.

Analyst Ratings Changes

A number of research analysts have issued reports on MITFF shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Mitie Group in a research note on Friday, April 17th. BNP Paribas Exane initiated coverage on Mitie Group in a research report on Monday, April 27th. They set a “neutral” rating on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Mitie Group in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Mitie Group Trading Down 11.7%

The company’s 50-day moving average price is $2.40 and its 200-day moving average price is $2.35.

About Mitie Group

Mitie Group plc is a leading provider of facilities management and professional services in the United Kingdom. The company offers an integrated suite of solutions spanning cleaning, security, catering, engineering maintenance, energy management and waste disposal. Through its focus on lifecycle management and sustainability, Mitie helps organisations optimise operational efficiency, reduce environmental impact and maintain compliance across their property portfolios.

Serving both public and private sector clients, Mitie delivers tailored service offerings to industries such as healthcare, education, transportation, retail and government.