Mitie Group (LON:MTO) Stock Price Passes Above 200-Day Moving Average of $116.61

Mitie Group plc (LON:MTO)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 116.61 ($1.54) and traded as high as GBX 122.20 ($1.61). Mitie Group shares last traded at GBX 122 ($1.61), with a volume of 4,259,672 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on Mitie Group from GBX 140 ($1.85) to GBX 145 ($1.92) and gave the stock a “buy” rating in a research note on Monday, June 24th.

Mitie Group Trading Down 0.8 %

The firm has a market capitalization of £1.51 billion, a price-to-earnings ratio of 1,342.22, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 67.87. The company has a fifty day moving average price of GBX 121.01 and a 200-day moving average price of GBX 116.61.

Insider Activity

In other news, insider Phillip Bentley sold 2,276 shares of Mitie Group stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of GBX 120 ($1.59), for a total transaction of £2,731.20 ($3,607.93). In related news, insider Phillip Bentley sold 2,276 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of GBX 120 ($1.59), for a total value of £2,731.20 ($3,607.93). Also, insider Salma Shah bought 2,360 shares of Mitie Group stock in a transaction that occurred on Monday, July 1st. The stock was bought at an average price of GBX 118 ($1.56) per share, with a total value of £2,784.80 ($3,678.73). Insiders bought a total of 2,607 shares of company stock worth $308,490 in the last three months. 5.61% of the stock is owned by insiders.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The company operates in eight segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities, Care & Custody, Landscapes, Waste, and Spain.