Midwich Group (LON:MIDW) Hits New 1-Year Low – Should You Sell?

Midwich Group plc (LON:MIDW)’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.

Midwich Group Price Performance

The firm has a fifty day simple moving average of GBX 315.62 and a 200 day simple moving average of GBX 359.01. The company has a market capitalization of £307.08 million, a PE ratio of 1,336.36 and a beta of 0.66. The company has a debt-to-equity ratio of 96.77, a quick ratio of 0.78 and a current ratio of 1.44.

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.