Mitie Group (LON:MTO) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Mitie Group plc (LON:MTO) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 114.75 ($1.49) and traded as high as GBX 118.80 ($1.54). Mitie Group shares last traded at GBX 117.60 ($1.52), with a volume of 49,414,660 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank started coverage on Mitie Group in a report on Tuesday, January 28th. They set a “buy” rating and a GBX 160 ($2.07) price target for the company.

Mitie Group Trading Down 1.4 %

The business’s fifty day simple moving average is GBX 116.17 and its 200 day simple moving average is GBX 114.73. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41. The stock has a market cap of £1.46 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41.

Insider Activity

In other Mitie Group news, insider Derek Mapp acquired 8,802 shares of Mitie Group stock in a transaction on Thursday, January 2nd. The shares were purchased at an average cost of GBX 111 ($1.44) per share, with a total value of £9,770.22 ($12,645.90). Insiders own 5.65% of the company’s stock.

About Mitie Group

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.