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

Midwich Group plc (LON:MIDWGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 221 ($2.87) and last traded at GBX 225 ($2.92), with a volume of 358574 shares. The stock had previously closed at GBX 238 ($3.09).

Midwich Group Trading Down 3.6 %

The stock has a market cap of £214.20 million, a PE ratio of 9.47 and a beta of 0.66. The company’s 50-day moving average price is GBX 255.23 and its 200 day moving average price is GBX 282.80. The company has a debt-to-equity ratio of 105.39, a quick ratio of 0.78 and a current ratio of 1.44.

Midwich Group (LON:MIDWGet Free Report) last posted its earnings results on Tuesday, March 18th. The company reported GBX 26.24 ($0.34) earnings per share (EPS) for the quarter. Midwich Group had a return on equity of 12.88% and a net margin of 1.70%. On average, sell-side analysts forecast that Midwich Group plc will post 36.9099991 EPS for the current fiscal year.

Midwich Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, May 22nd will be given a GBX 7.50 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 3.15%. This is a boost from Midwich Group’s previous dividend of $5.50. Midwich Group’s dividend payout ratio is presently 75.59%.

Midwich Group Company Profile

(Get Free Report)

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.

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