Midwich Group (LON:MIDW) Sets New 52-Week Low – Here’s What Happened

Shares of Midwich Group plc (LON:MIDW) reached a new 52-week low on Tuesday . The company traded as low as GBX 204 ($2.64) and last traded at GBX 206.39 ($2.67), with a volume of 1239996 shares changing hands. The stock had previously closed at GBX 211 ($2.73).

Midwich Group Stock Performance

The company has a 50-day moving average price of GBX 252.49 and a two-hundred day moving average price of GBX 281.22. 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 market capitalization of £207.55 million, a P/E ratio of 9.18 and a beta of 0.66.

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

Midwich Group Increases Dividend

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

About Midwich Group

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.