Midwich Group (LON:MIDW) Stock Falls 1.2% – Here’s What Happened

Midwich Group plc (LON:MIDW)’s share price fell 1.2% on Wednesday. The company traded as low as GBX 163 and last traded at GBX 163. Approximately 24,604 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 303,874 shares. The stock had previously closed at GBX 165.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 350 price target on shares of Midwich Group in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 350.

Midwich Group Price Performance

The stock has a market cap of £163.07 million, a PE ratio of -9.79 and a beta of 0.42. The stock’s fifty day moving average is GBX 154.29 and its 200-day moving average is GBX 147.09. The company has a debt-to-equity ratio of 132.80, a current ratio of 1.53 and a quick ratio of 0.78.

Midwich Group (LON:MIDW) last released its quarterly earnings results on Tuesday, September 22nd. The company reported GBX 3.46 EPS for the quarter. Midwich Group had a negative net margin of 1.26% and a negative return on equity of 10.30%. As a group, equities analysts anticipate that Midwich Group plc will post 36.91 EPS for the current year.

Insider Buying and Selling at Midwich Group

In other Midwich Group news, insider Adam Councell purchased 74,586 shares of the stock in a transaction on Monday, September 28th. The stock was bought at an average price of GBX 167 per share, for a total transaction of £124,558.62. 20.34% of the stock is currently owned by company insiders.

Midwich Group Company Profile

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.