Midwich Group (LON:MIDW) Releases Quarterly Earnings Results

Midwich Group (LON:MIDW) issued its quarterly earnings results on Tuesday. The company reported GBX 26.24 ($0.34) earnings per share for the quarter, Digital Look Earnings reports. Midwich Group had a return on equity of 12.88% and a net margin of 1.70%.

Midwich Group Stock Performance

Shares of Midwich Group stock traded down GBX 4 ($0.05) during trading on Thursday, hitting GBX 221 ($2.87). 156,808 shares of the company’s stock traded hands, compared to its average volume of 224,802. The company has a debt-to-equity ratio of 105.39, a current ratio of 1.44 and a quick ratio of 0.78. Midwich Group has a 1 year low of GBX 214.30 ($2.79) and a 1 year high of GBX 450.13 ($5.86). The stock has a market capitalization of £222.24 million, a P/E ratio of 9.83 and a beta of 0.66. The business has a 50-day simple moving average of GBX 256.49 and a 200-day simple moving average of GBX 283.56.

Midwich Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, May 22nd will be given a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date of this dividend is Thursday, May 22nd. This is a boost from Midwich Group’s previous dividend of $5.50. This represents a dividend yield of 3.15%. Midwich Group’s dividend payout ratio (DPR) is 75.59%.

Midwich Group Company Profile

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.