Midwich Group plc (LON:MIDW – Get Free Report) shares crossed 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 traded.
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 350 price objective on shares of Midwich Group in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 350.
Read Our Latest Analysis on MIDW
Midwich Group Stock Performance
The firm has a market cap of £163.84 million, a P/E ratio of -9.84 and a beta of 0.42. The company has a debt-to-equity ratio of 132.80, a quick ratio of 0.78 and a current ratio of 1.53. The stock’s 50-day moving average is GBX 158.10 and its 200 day moving average is GBX 158.61.
Midwich Group (LON:MIDW – Get Free Report) last posted its earnings results on Tuesday, September 22nd. The company reported GBX 3.46 earnings per share for the quarter. Midwich Group had a negative return on equity of 10.30% and a negative net margin of 1.26%. On average, research analysts predict that Midwich Group plc will post 36.91 earnings per share for the current year.
Insider Transactions at Midwich Group
In related news, insider Adam Councell bought 74,586 shares of the company’s stock in a transaction on Monday, September 28th. The shares were purchased at an average cost of GBX 167 per share, for a total transaction of £124,558.62. Insiders own 20.34% of the company’s stock.
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.
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