Mitie Group (OTCMKTS:MITFY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Mitie Group (OTCMKTS:MITFY) to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Mitie Group Price Performance

Shares of OTCMKTS:MITFY opened at $5.81 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.89 and a current ratio of 0.90. Mitie Group has a 52-week low of $5.01 and a 52-week high of $6.68. The stock’s fifty day simple moving average is $5.62 and its 200-day simple moving average is $5.98.

Mitie Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, December 20th will be paid a $0.0654 dividend. The ex-dividend date is Friday, December 20th.

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.