Midwich Group (LON:MIDW) Shares Down 0.8% – Should You Sell?

Midwich Group plc (LON:MIDW)’s stock price dropped 0.8% during trading on Monday . The company traded as low as GBX 171.50 and last traded at GBX 178.50. Approximately 24,986 shares were traded during trading, a decline of 90% from the average daily volume of 254,570 shares. The stock had previously closed at GBX 180.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 350 price target on shares of Midwich Group in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 350.

Midwich Group Trading Down 0.8%

The stock has a market capitalization of £183.44 million, a price-to-earnings ratio of 27.76 and a beta of 0.66. The company has a 50 day moving average of GBX 174.10 and a 200 day moving average of GBX 197.72. 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:MIDW) last posted its quarterly earnings results on Tuesday, September 9th. The company reported GBX 6.91 earnings per share for the quarter. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%. On average, research analysts predict that Midwich Group plc will post 36.9099991 EPS for the current fiscal year.

Insider Buying and Selling at Midwich Group

In other news, insider Stephen Lamb sold 33,310 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of GBX 188, for a total transaction of £62,622.80. 20.43% of the stock is currently owned by corporate insiders.

Midwich Group Company Profile

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.