Midwich Group (LON:MIDW) Shares Up 1.1% – Time to Buy?

Midwich Group plc (LON:MIDW)’s stock price shot up 1.1% during trading on Wednesday . The company traded as high as GBX 287 ($3.62) and last traded at GBX 286 ($3.61). 26,272 shares traded hands during trading, a decline of 92% from the average session volume of 311,870 shares. The stock had previously closed at GBX 283 ($3.57).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 620 ($7.83) price objective on shares of Midwich Group in a report on Tuesday, September 3rd.

Midwich Group Stock Performance

The stock has a market cap of £286.47 million, a P/E ratio of 1,272.73 and a beta of 0.66. The company has a current ratio of 1.44, a quick ratio of 0.78 and a debt-to-equity ratio of 96.77. The stock has a 50 day simple moving average of GBX 291.74 and a 200 day simple moving average of GBX 330.27.

Insider Transactions at Midwich Group

In other news, insider Stephen Fenby acquired 150,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were acquired at an average cost of GBX 273 ($3.45) per share, with a total value of £409,500 ($516,849.68). 26.21% of the stock is currently owned by insiders.

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.