Midwich Group (LON:MIDW) Reaches New 12-Month Low – Here’s Why

Midwich Group plc (LON:MIDW)’s share price hit a new 52-week low on Wednesday . The company traded as low as GBX 221 ($2.87) and last traded at GBX 225 ($2.93), with a volume of 358574 shares trading hands. The stock had previously closed at GBX 238 ($3.09).

Midwich Group Trading Down 5.5 %

The business’s 50 day simple moving average is GBX 257.63 and its two-hundred day simple moving average is GBX 284.29. The stock has a market cap of £226.27 million, a P/E ratio of 10.00 and a beta of 0.66. The company has a quick ratio of 0.78, a current ratio of 1.44 and a debt-to-equity ratio of 105.39.

Midwich Group (LON:MIDW) last issued 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, analysts expect that Midwich Group plc will post 36.9099991 EPS for the current year.

Midwich Group Increases Dividend

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