Midwich Group (LON:MIDW) Trading Up 0.3% – What’s Next?

Midwich Group plc (LON:MIDW)’s share price was up 0.3% on Wednesday . The stock traded as high as GBX 300 ($3.75) and last traded at GBX 292.87 ($3.66). Approximately 19,147 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 300,776 shares. The stock had previously closed at GBX 292 ($3.65).

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 620 ($7.76) target price on shares of Midwich Group in a research report on Tuesday, September 3rd.

Midwich Group Price Performance

The company has a quick ratio of 0.78, a current ratio of 1.44 and a debt-to-equity ratio of 96.77. The company has a market cap of £299.64 million, a price-to-earnings ratio of 1,331.23 and a beta of 0.66. The stock’s 50-day simple moving average is GBX 285 and its 200 day simple moving average is GBX 322.41.

Insider Activity

In other news, insider Stephen Fenby bought 150,000 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was bought at an average cost of GBX 273 ($3.42) per share, for a total transaction of £409,500 ($512,387.39). Insiders own 26.21% of the company’s stock.

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.