Midwich Group (LON:MIDW) Issues Earnings Results

Midwich Group (LON:MIDW) released its earnings results on Tuesday. The company reported GBX 3.46 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Midwich Group had a negative net margin of 2.17% and a negative return on equity of 12.68%.

Midwich Group Stock Performance

Shares of LON MIDW traded up GBX 3.20 during mid-day trading on Tuesday, reaching GBX 150.20. 212,494 shares of the company were exchanged, compared to its average volume of 298,492. The stock has a market capitalization of £155.02 million, a P/E ratio of -6.85 and a beta of 0.42. The company has a quick ratio of 0.78, a current ratio of 1.55 and a debt-to-equity ratio of 125.60. The company’s 50-day simple moving average is GBX 140.67 and its 200-day simple moving average is GBX 146.74. Midwich Group has a twelve month low of GBX 125.20 and a twelve month high of GBX 226.

Wall Street Analysts Forecast Growth

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