Midwich Group (LON:MIDW) Posts Earnings Results

Midwich Group (LON:MIDW) announced its quarterly earnings data on Tuesday. The company reported GBX 3.46 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Midwich Group had a negative net margin of 2.17% and a negative return on equity of 12.68%.

Midwich Group Trading Up 2.2%

Shares of MIDW opened at GBX 150.20 on Tuesday. Midwich Group has a 1-year low of GBX 125.20 and a 1-year high of GBX 226. The firm has a market capitalization of £155.02 million, a price-to-earnings ratio of -6.85 and a beta of 0.42. The firm’s 50-day moving average price is GBX 140.67 and its 200-day moving average price is GBX 146.74. The company has a current ratio of 1.55, a quick ratio of 0.78 and a debt-to-equity ratio of 125.60.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 350 price objective on shares of Midwich Group in a research note on Tuesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Midwich Group presently has an average 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.