Midwich Group (LON:MIDW) Reaches New 12-Month Low – Time to Sell?

Midwich Group plc (LON:MIDW) hit a new 52-week low on Monday . The company traded as low as GBX 167.50 and last traded at GBX 170, with a volume of 120475 shares trading hands. The stock had previously closed at GBX 172.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 350 target price on shares of Midwich Group in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 350.

Midwich Group Stock Performance

The company has a quick ratio of 0.78, a current ratio of 1.44 and a debt-to-equity ratio of 105.39. The stock has a fifty day moving average price of GBX 191.69 and a 200-day moving average price of GBX 203.49. The firm has a market cap of £174.70 million, a price-to-earnings ratio of 26.44 and a beta of 0.66.

Midwich Group (LON:MIDW) last posted its quarterly earnings data on Tuesday, September 9th. The company reported GBX 6.91 earnings per share for the quarter. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%. On average, analysts expect that Midwich Group plc will post 36.9099991 earnings per share for the current fiscal year.

Insider Buying and Selling at Midwich Group

In other news, insider Stephen Lamb sold 12,510 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of GBX 193, for a total transaction of £24,144.30. 20.38% of the stock is currently owned by 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.