Midwich Group (LON:MIDW) Hits New 12-Month Low – What’s Next?

Midwich Group plc (LON:MIDW)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 155 and last traded at GBX 157, with a volume of 150800 shares changing hands. The stock had previously closed at GBX 160.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 350 price objective on shares of Midwich Group in a report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Midwich Group currently has an average rating of “Buy” and an average price target of GBX 350.

Midwich Group Stock Down 1.9%

The firm has a market capitalization of £161.34 million, a P/E ratio of 24.42 and a beta of 0.66. The company has a debt-to-equity ratio of 105.39, a quick ratio of 0.78 and a current ratio of 1.44. The business’s fifty day moving average price is GBX 180.42 and its two-hundred day moving average price is GBX 202.12.

Midwich Group (LON:MIDW) last posted its quarterly earnings data on Tuesday, September 9th. The company reported GBX 6.91 EPS for the quarter. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%. Equities analysts expect that Midwich Group plc will post 36.9099991 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Stephen Lamb sold 33,310 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of GBX 188, for a total transaction of £62,622.80. Insiders own 20.43% of the company’s stock.

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.