Midwich Group (LON:MIDW) Sets New 52-Week Low at $307.00

Midwich Group plc (LON:MIDW)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 307 ($4.01) and last traded at GBX 310 ($4.05), with a volume of 69808 shares traded. The stock had previously closed at GBX 311 ($4.07).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 620 ($8.11) price objective on shares of Midwich Group in a report on Tuesday, September 3rd.

Midwich Group Trading Up 6.0 %

The firm has a market cap of £328.16 million, a price-to-earnings ratio of 1,181.48 and a beta of 0.68. The company has a 50 day moving average price of GBX 344.84 and a 200 day moving average price of GBX 378.79. The company has a debt-to-equity ratio of 82.76, a quick ratio of 0.78 and a current ratio of 1.43.

Midwich Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 12th will be given a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 1.7%. The ex-dividend date is Thursday, September 12th. Midwich Group’s dividend payout ratio is presently 6,296.30%.

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.