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

Midwich Group plc (LON:MIDW)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 216.95 ($2.87) and traded as low as GBX 177.50 ($2.35). Midwich Group shares last traded at GBX 180.90 ($2.40), with a volume of 915,794 shares trading hands.

Midwich Group Stock Up 1.7 %

The firm has a market capitalization of £185.04 million, a price-to-earnings ratio of 8.18 and a beta of 0.66. The company has a debt-to-equity ratio of 105.39, a current ratio of 1.44 and a quick ratio of 0.78. The business has a fifty day moving average price of GBX 216.95 and a two-hundred day moving average price of GBX 260.74.

Midwich Group (LON:MIDW) last issued its quarterly earnings results on Tuesday, March 18th. The company reported GBX 26.24 ($0.35) earnings per share for the quarter. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%. On average, equities analysts expect that Midwich Group plc will post 36.9099991 earnings per share for the current year.

Midwich Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, May 22nd will be given a GBX 7.50 ($0.10) dividend. This represents a yield of 3.15%. The ex-dividend date is Thursday, May 22nd. This is a positive change from Midwich Group’s previous dividend of $5.50. Midwich Group’s dividend payout ratio is currently 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.