Midwich Group plc (LON:MIDW – Get Free Report)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as GBX 255 ($3.31) and last traded at GBX 298 ($3.86), with a volume of 279211 shares. The stock had previously closed at GBX 268 ($3.48).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 620 ($8.04) price target on shares of Midwich Group in a research report on Tuesday, September 3rd.
Get Our Latest Stock Report on Midwich Group
Midwich Group Price Performance
Midwich Group Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were issued a GBX 5.50 ($0.07) dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 1.7%. Midwich Group’s dividend payout ratio is presently 7,727.27%.
Insiders Place Their Bets
In other Midwich Group news, insider Stephen Fenby bought 150,000 shares of Midwich Group stock in a transaction that occurred on Monday, October 21st. The shares were bought at an average cost of GBX 273 ($3.54) per share, with a total value of £409,500 ($531,059.53). 26.21% of the stock is currently owned by corporate insiders.
About Midwich Group
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.
Featured Stories
- Five stocks we like better than Midwich Group
- Roth IRA Calculator: Calculate Your Potential Returns
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Best Stocks Under $5.00
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- High Flyers: 3 Natural Gas Stocks for March 2022
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for Midwich Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midwich Group and related companies with MarketBeat.com's FREE daily email newsletter.