Shares of Midwich Group plc (LON:MIDW – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 158.61 and traded as low as GBX 152. Midwich Group shares last traded at GBX 152, with a volume of 60,069 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank restated a “buy” rating and issued a GBX 350 price target on shares of Midwich Group in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Midwich Group presently has an average rating of “Buy” and a consensus price target of GBX 350.
Read Our Latest Report on Midwich Group
Midwich Group Stock Up 4.4%
The company has a quick ratio of 0.78, a current ratio of 1.53 and a debt-to-equity ratio of 132.80. The firm has a 50 day simple moving average of GBX 158.10 and a 200-day simple moving average of GBX 158.61. The stock has a market cap of £163.84 million, a P/E ratio of -9.84 and a beta of 0.42.
Midwich Group (LON:MIDW – Get Free Report) last issued its earnings results on Tuesday, September 22nd. The company reported GBX 3.46 EPS for the quarter. Midwich Group had a negative return on equity of 10.30% and a negative net margin of 1.26%. On average, equities research analysts forecast that Midwich Group plc will post 36.91 earnings per share for the current fiscal year.
Insider Transactions at Midwich Group
In other Midwich Group news, insider Adam Councell bought 74,586 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were purchased at an average price of GBX 167 per share, for a total transaction of £124,558.62. 20.34% of the stock is owned by corporate insiders.
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.
Recommended Stories
- Five stocks we like better than Midwich Group
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Midwich Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midwich Group and related companies with MarketBeat.com's FREE daily email newsletter.
