Mitie Group plc (LON:MTO) Insider Acquires £32,810.34 in Stock

Mitie Group plc (LON:MTOGet Free Report) insider Chet Patel bought 28,781 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was bought at an average price of GBX 114 ($1.45) per share, with a total value of £32,810.34 ($41,690.39).

Mitie Group Stock Performance

MTO stock traded up GBX 2 ($0.03) during midday trading on Wednesday, reaching GBX 119.40 ($1.52). The company had a trading volume of 3,742,103 shares, compared to its average volume of 2,216,935. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 69.61. The stock has a 50 day moving average price of GBX 118.10 and a 200 day moving average price of GBX 107.94. Mitie Group plc has a fifty-two week low of GBX 90.70 ($1.15) and a fifty-two week high of GBX 124.94 ($1.59). The firm has a market capitalization of £1.53 billion, a PE ratio of 1,677.14, a P/E/G ratio of 10.10 and a beta of 1.30.

Mitie Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, August 5th. Stockholders of record on Thursday, June 20th will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend is Thursday, June 20th. This is an increase from Mitie Group’s previous dividend of $1.00. This represents a dividend yield of 2.5%. Mitie Group’s payout ratio is currently 4,285.71%.

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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