Midwich Group (LON:MIDW) Releases Quarterly Earnings Results

Midwich Group (LON:MIDW) released its quarterly earnings results on Tuesday. The company reported GBX 3.46 EPS for the quarter, Digital Look Earnings reports. Midwich Group had a negative net margin of 2.17% and a negative return on equity of 12.68%.

Midwich Group Trading Up 2.7%

Midwich Group stock traded up GBX 4.01 during midday trading on Tuesday, reaching GBX 151.01. 169,866 shares of the stock traded hands, compared to its average volume of 298,258. The firm has a market cap of £155.86 million, a PE ratio of -6.89 and a beta of 0.42. The company has a current ratio of 1.55, a quick ratio of 0.78 and a debt-to-equity ratio of 125.60. The company has a 50-day simple moving average of GBX 140.67 and a two-hundred day simple moving average of GBX 146.74. Midwich Group has a 12-month low of GBX 125.20 and a 12-month high of GBX 226.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 350 price target on shares of Midwich Group in a research report on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 350.

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.