Midwich Group plc (LON:MIDW) Insider Stephen Fenby Acquires 150,000 Shares

Midwich Group plc (LON:MIDW) insider Stephen Fenby purchased 150,000 shares of the stock in a transaction dated Monday, October 21st. The shares were purchased at an average price of GBX 273 ($3.56) per share, with a total value of £409,500 ($534,734.92).

Midwich Group Stock Down 17.2 %

Shares of MIDW stock traded down GBX 55.03 ($0.72) during trading hours on Monday, reaching GBX 265 ($3.46). 1,866,140 shares of the stock were exchanged, compared to its average volume of 311,998. The business’s fifty day moving average is GBX 323.95 and its two-hundred day moving average is GBX 365.06. The firm has a market capitalization of £271.12 million, a P/E ratio of 1,272.73 and a beta of 0.66. Midwich Group plc has a 12-month low of GBX 260 ($3.40) and a 12-month high of GBX 451 ($5.89). The company has a debt-to-equity ratio of 96.77, a current ratio of 1.44 and a quick ratio of 0.78.

Midwich Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were given a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 1.7%. The ex-dividend date was Thursday, September 12th. Midwich Group’s dividend payout ratio (DPR) is presently 7,727.27%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 620 ($8.10) target price on shares of Midwich Group in a report on Tuesday, September 3rd.

Midwich Group Company Profile

Midwich Group plc, together with its subsidiaries, distributes audio visual (AV) solutions to trade customers in the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, the Asia Pacific, and North America. The company distributes various AV categories, such as displays, projectors, technical and professional video products, audio and digital signage products, and broadcast products, as well as lighting and unified communications products.