Midwich Group (LON:MIDW) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Midwich Group plc (LON:MIDW)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 284.67 ($3.46) and traded as low as GBX 272 ($3.31). Midwich Group shares last traded at GBX 277 ($3.37), with a volume of 29,795 shares changing hands.

Midwich Group Price Performance

The company has a market cap of £293.63 million, a P/E ratio of 1,304.55 and a beta of 0.66. The stock has a 50-day simple moving average of GBX 284.73 and a 200 day simple moving average of GBX 314.20. The company has a debt-to-equity ratio of 96.77, a quick ratio of 0.78 and a current ratio of 1.44.

Insiders Place Their Bets

In related news, insider Stephen Fenby acquired 150,000 shares of the company’s stock in a transaction on Monday, October 21st. The stock was purchased at an average cost of GBX 273 ($3.32) per share, for a total transaction of £409,500 ($498,235.80). Corporate insiders own 26.21% of the company’s stock.

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.