Midwich Group (LON:MIDW) Sets New 12-Month Low – Here’s Why

Shares of Midwich Group plc (LON:MIDW) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 201 ($2.59) and last traded at GBX 205 ($2.64), with a volume of 883469 shares changing hands. The stock had previously closed at GBX 210 ($2.71).

Midwich Group Stock Down 3.0 %

The company has a current ratio of 1.44, a quick ratio of 0.78 and a debt-to-equity ratio of 105.39. The stock has a market cap of £196.10 million, a price-to-earnings ratio of 8.67 and a beta of 0.66. The business’s fifty day simple moving average is GBX 239.18 and its 200 day simple moving average is GBX 274.46.

Midwich Group (LON:MIDW) last released its quarterly earnings data on Tuesday, March 18th. The company reported GBX 26.24 ($0.34) earnings per share for the quarter. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%. Equities analysts forecast that Midwich Group plc will post 36.9099991 earnings per share for the current fiscal year.

Midwich Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, May 22nd will be given a GBX 7.50 ($0.10) dividend. The ex-dividend date is Thursday, May 22nd. This is a positive change from Midwich Group’s previous dividend of $5.50. This represents a dividend yield of 3.15%. Midwich Group’s payout ratio is currently 75.59%.

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.