Midwich Group (LON:MIDW) Announces Quarterly Earnings Results

Midwich Group (LON:MIDW) announced its quarterly earnings data on Tuesday. The company reported GBX 3.46 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Midwich Group had a negative return on equity of 10.30% and a negative net margin of 1.26%.

Midwich Group Stock Performance

Shares of LON MIDW traded up GBX 10.40 during midday trading on Friday, hitting GBX 161.40. The company’s stock had a trading volume of 178,053 shares, compared to its average volume of 322,886. Midwich Group has a 1-year low of GBX 125.20 and a 1-year high of GBX 226. The firm’s fifty day moving average price is GBX 142.33 and its 200-day moving average price is GBX 146.04. The company has a debt-to-equity ratio of 132.80, a quick ratio of 0.78 and a current ratio of 1.53. The firm has a market cap of £166.58 million, a P/E ratio of -7.36 and a beta of 0.42.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 350 target price on shares of Midwich Group in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 350.

About Midwich Group

Bringing people together.

Midwich Group specialises in technology solutions that bring people together, to make society more efficient, more impactful and more exciting. Operating in 22 countries, the Group helps people connect and communicate, whether in state-of-the-art meeting rooms or on a festival main stage, audiovisual technology is all around, helping the world connect, communicate and experience wow moments.

Taking technology further.

The Group’s services range from product distribution to complex system design, focused marketing campaigns to flexible financing solutions, and showcase events to seed funding for startups.