Midwich Group (LON:MIDW) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Midwich Group plc (LON:MIDW) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 282.83 ($3.52) and traded as low as GBX 265 ($3.30). Midwich Group shares last traded at GBX 265 ($3.30), with a volume of 805,633 shares changing hands.

Midwich Group Trading Down 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’s fifty day moving average is GBX 282.83 and its two-hundred day moving average is GBX 308.60. The firm has a market capitalization of £271.12 million, a PE ratio of 1,204.54 and a beta of 0.66.

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.