Midwich Group (LON:MIDW) Reaches New 12-Month Low – Here’s What Happened

Midwich Group plc (LON:MIDW) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 155 and last traded at GBX 157, with a volume of 150800 shares trading hands. The stock had previously closed at GBX 160.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 350 target price on shares of Midwich Group in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Midwich Group currently has a consensus rating of “Buy” and an average price target of GBX 350.

Midwich Group Price Performance

The company has a market capitalization of £160.31 million, a PE ratio of 24.26 and a beta of 0.66. The stock has a 50 day moving average price of GBX 178.74 and a two-hundred day moving average price of GBX 201.59. The company has a debt-to-equity ratio of 105.39, a quick ratio of 0.78 and a current ratio of 1.44.

Midwich Group (LON:MIDW) last released its quarterly earnings results on Tuesday, September 9th. The company reported GBX 6.91 EPS for the quarter. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%. Equities analysts forecast that Midwich Group plc will post 36.9099991 earnings per share for the current year.

Insiders Place Their Bets

In other Midwich Group news, insider Stephen Lamb sold 33,310 shares of Midwich Group stock in a transaction dated Monday, October 6th. The stock was sold at an average price of GBX 188, for a total value of £62,622.80. Corporate insiders own 20.43% of the company’s stock.

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.