Mitie Group (OTCMKTS:MITFY) Reaches New 1-Year High – Should You Buy?

Shares of Mitie Group PLC. (OTCMKTS:MITFY) hit a new 52-week high on Wednesday . The stock traded as high as $9.1170 and last traded at $9.1170, with a volume of 754 shares traded. The stock had previously closed at $8.90.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Mitie Group to a “strong-buy” rating in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Mitie Group Stock Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 0.94 and a quick ratio of 0.93. The firm has a 50-day moving average of $8.53 and a 200-day moving average of $7.91.

About Mitie Group

Mitie Group plc (OTCMKTS: MITFY) is a UK?based provider of integrated facilities management and professional services. The company delivers a comprehensive suite of solutions including building maintenance, security, cleaning, catering, waste management, energy management, engineering services and project delivery. Through its technology-enabled platform, Mitie focuses on improving operational efficiency, sustainability and compliance for clients across a range of industries.

Founded in 1987 and listed on the London Stock Exchange in 2006, Mitie has grown through a combination of organic development and strategic acquisitions.