Midwich Group (LON:MIDW) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Midwich Group plc (LON:MIDW) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 324.23 ($4.23) and traded as low as GBX 317.30 ($4.14). Midwich Group shares last traded at GBX 320.85 ($4.19), with a volume of 150,280 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 620 ($8.10) price target on shares of Midwich Group in a research report on Tuesday, September 3rd.

Midwich Group Trading Up 0.0 %

The company has a debt-to-equity ratio of 96.77, a current ratio of 1.44 and a quick ratio of 0.78. The firm has a market capitalization of £327.42 million, a PE ratio of 1,454.66 and a beta of 0.66. The firm’s fifty day moving average is GBX 323.95 and its two-hundred day moving average is GBX 365.06.

Midwich Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 12th were issued a dividend of GBX 5.50 ($0.07) per share. This represents a yield of 1.7%. The ex-dividend date was Thursday, September 12th. Midwich Group’s dividend payout ratio (DPR) is 7,727.27%.

Midwich Group Company Profile

Midwich Group plc, together with its subsidiaries, distributes audio visual (AV) solutions to trade customers in the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, the Asia Pacific, and North America. The company distributes various AV categories, such as displays, projectors, technical and professional video products, audio and digital signage products, and broadcast products, as well as lighting and unified communications products.