Mitie Group plc ( (GB:MTO) ) has provided an update.
Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with the shares intended for cancellation. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership position, as outlined in its new Facilities Transformation Three-Year Plan.
More about Mitie Group plc
Founded in 1987, Mitie Group plc is a leading technology-led Facilities Transformation company in the UK, employing 68,000 people. It serves around 3,000 blue-chip customers across various sectors, providing engineering, security, cleaning, and hygiene services. Mitie is recognized for its market leadership, ESG credentials, and ambitious plans for growth and emissions reduction.
YTD Price Performance: 6.55%
Average Trading Volume: 2,575,767
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.44B
For detailed information about MTO stock, go to TipRanks’ Stock Analysis page.