Mitie Group (LON:MTO) Reaches New 12-Month High After Insider Buying Activity

Mitie Group plc (LON:MTOGet Free Report) reached a new 52-week high on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 110 ($1.38) and last traded at GBX 106.40 ($1.34), with a volume of 145752 shares changing hands. The stock had previously closed at GBX 105 ($1.32).

Specifically, insider Phillip Bentley acquired 117,994 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was bought at an average cost of GBX 105 ($1.32) per share, with a total value of £123,893.70 ($155,528.12). In other Mitie Group news, insider Phillip Bentley bought 117,994 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were bought at an average cost of GBX 105 ($1.32) per share, with a total value of £123,893.70 ($155,528.12). Also, insider Derek Mapp bought 9,153 shares of Mitie Group stock in a transaction dated Tuesday, April 2nd. The shares were acquired at an average price of GBX 107 ($1.34) per share, with a total value of £9,793.71 ($12,294.39). Insiders have bought 127,297 shares of company stock valued at $13,370,241 in the last quarter. Company insiders own 9.99% of the company’s stock.

Mitie Group Price Performance

The company has a market cap of £1.43 billion, a P/E ratio of 1,511.43, a P/E/G ratio of 10.10 and a beta of 1.32. The company’s 50-day moving average price is GBX 104.46 and its two-hundred day moving average price is GBX 101.74. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 69.61.

About Mitie Group

(Get Free Report)

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.

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