Midwich Group (LON:MIDW) Announces Earnings Results

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

Midwich Group Stock Up 2.2%

LON MIDW opened at GBX 150.20 on Tuesday. The company has a debt-to-equity ratio of 125.60, a quick ratio of 0.78 and a current ratio of 1.55. Midwich Group has a one year low of GBX 125.20 and a one year high of GBX 226. The company has a market cap of £155.02 million, a P/E ratio of -6.85 and a beta of 0.42. The business has a fifty day moving average price of GBX 140.67 and a 200 day moving average price of GBX 146.74.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 350 price objective on shares of Midwich Group in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average 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.