Mitie Group (LON:MTO) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Mitie Group plc (LON:MTO)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 117.76 ($1.49) and traded as low as GBX 108.40 ($1.37). Mitie Group shares last traded at GBX 108.40 ($1.37), with a volume of 1,813,557 shares trading hands.

Mitie Group Stock Performance

The firm has a market capitalization of £1.38 billion, a PE ratio of 1,233.33, a PEG ratio of 10.10 and a beta of 1.41. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 67.87. The company has a 50-day moving average of GBX 113.84 and a 200 day moving average of GBX 117.69.

Mitie Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Thursday, December 19th will be issued a dividend of GBX 1.30 ($0.02) per share. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, December 19th. Mitie Group’s payout ratio is 4,444.44%.

Insider Activity

In other Mitie Group news, insider Phillip Bentley sold 4,750,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of GBX 117 ($1.48), for a total transaction of £5,557,500 ($7,014,388.49). Also, insider Derek Mapp acquired 8,189 shares of the stock in a transaction dated Tuesday, October 1st. The stock was acquired at an average price of GBX 119 ($1.50) per share, with a total value of £9,744.91 ($12,299.52). Corporate 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.