Midwich Group (LON:MIDW) Posts Earnings Results

Midwich Group (LON:MIDW) announced its quarterly earnings results on Tuesday. The company reported GBX 3.46 earnings per share 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 Up 2.2%

Midwich Group stock traded up GBX 3.20 during mid-day trading on Tuesday, reaching GBX 150.20. 79,017 shares of the company’s stock were exchanged, compared to its average volume of 297,759. The company has a market cap of £155.02 million, a P/E ratio of -6.85 and a beta of 0.42. Midwich Group has a twelve month low of GBX 125.20 and a twelve month high of GBX 226. 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 has a fifty day moving average of GBX 140.67 and a 200-day moving average of GBX 146.74.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 350 price objective on shares of Midwich Group in a research report on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.