MITIE Group PLC (NASDAQ:MITFY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Friday.
According to Zacks, “Mitie Group plc provides strategic outsourcing services. The company’s operating segment includes Soft FM, Hard FM, Property Management and Healthcare. Soft FM segment includes cleaning and environmental services, security, catering and front of house services. Hard FM segment includes technical, building maintenance and energy services. Property management segment provides repair and maintenance services in the social housing market. Healthcare segment provides care at home for people who need help and support due to illness, infirmity or disability. It operates primarily in the United Kingdom, the Republic of Ireland, Guernsey, Jersey, Germany, France, Finland, Norway, Sweden, the Netherlands, Spain, Poland, Switzerland, Belgium, Nigeria, Kenya, Ghana, the United Arab Emirates, and internationally. Mitie Group plc is headquartered in Bristol, the United Kingdom. “
Shares of MITIE Group PLC (NASDAQ:MITFY) traded up 5.73% during midday trading on Friday, hitting $10.36. The stock had a trading volume of 176 shares. The stock’s 50-day moving average is $10.10 and its 200-day moving average is $12.59. The stock has a market cap of $917.89 million and a PE ratio of 10.08. MITIE Group PLC has a 12 month low of $9.07 and a 12 month high of $19.28.