Midwich Group (LON:MIDW) Insider Buys 74,586 Shares of Company Stock

Midwich Group plc (LON:MIDW) insider Adam Councell acquired 74,586 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The stock was acquired at an average cost of GBX 167 per share, with a total value of £124,558.62.

Midwich Group Stock Up 3.9%

MIDW opened at GBX 178 on Tuesday. The stock’s 50 day moving average price is GBX 143.19 and its 200 day moving average price is GBX 145.70. The company has a debt-to-equity ratio of 132.80, a current ratio of 1.53 and a quick ratio of 0.78. The stock has a market cap of £183.71 million, a P/E ratio of -8.12 and a beta of 0.42. Midwich Group plc has a 12 month low of GBX 125.20 and a 12 month high of GBX 226.

Midwich Group (LON:MIDW) last announced its quarterly earnings results on Tuesday, September 22nd. The company reported GBX 3.46 earnings per share (EPS) for the quarter. Midwich Group had a negative return on equity of 10.30% and a negative net margin of 1.26%. As a group, research analysts predict that Midwich Group plc will post 36.9099991 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 350 price objective 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, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 350.

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.