Midwich Group (LON:MIDW) Reaches New 12-Month Low – Time to Sell?

Shares of Midwich Group plc (LON:MIDW) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 204 ($2.63) and last traded at GBX 206.39 ($2.66), with a volume of 1239996 shares changing hands. The stock had previously closed at GBX 211 ($2.72).

Midwich Group Price Performance

The company has a current ratio of 1.44, a quick ratio of 0.78 and a debt-to-equity ratio of 105.39. The company has a market cap of £207.16 million, a PE ratio of 9.16 and a beta of 0.66. The firm has a 50 day moving average of GBX 249.63 and a two-hundred day moving average of GBX 279.57.

Midwich Group (LON:MIDW) last issued its quarterly earnings results 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%. Research analysts predict that Midwich Group plc will post 36.9099991 earnings per share for the current fiscal year.

Midwich Group Increases Dividend

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