Midwich Group (LON:MIDW) Sets New 12-Month Low – Here’s What Happened

Midwich Group plc (LON:MIDW) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 201 ($2.60) and last traded at GBX 205 ($2.65), with a volume of 883469 shares trading hands. The stock had previously closed at GBX 210 ($2.71).

Midwich Group Stock Down 2.4 %

The firm’s 50 day simple moving average is GBX 243.81 and its 200-day simple moving average is GBX 276.69. The company has a market cap of £206.15 million, a price-to-earnings ratio of 9.11 and a beta of 0.66. The company has a debt-to-equity ratio of 105.39, a current ratio of 1.44 and a quick ratio of 0.78.

Midwich Group (LON:MIDW) last posted its quarterly earnings data on Tuesday, March 18th. The company reported GBX 26.24 ($0.34) earnings per share for the quarter. Midwich Group had a return on equity of 12.88% and a net margin of 1.70%. As a group, sell-side analysts anticipate that Midwich Group plc will post 36.9099991 earnings per share for the current year.

Midwich Group Increases Dividend

The firm also recently disclosed 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. This is a boost from Midwich Group’s previous dividend of $5.50. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 3.15%. Midwich Group’s dividend payout ratio is presently 75.59%.

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.