Midwich Group (LON:MIDW) Shares Up 0.3% – Here’s Why

Shares of Midwich Group plc (LON:MIDW) traded up 0.3% during trading on Monday . The stock traded as high as GBX 189 and last traded at GBX 182. 31,870 shares traded hands during trading, a decline of 87% from the average session volume of 244,580 shares. The stock had previously closed at GBX 181.50.

Wall Street Analysts Forecast Growth

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

Midwich Group Stock Performance

The stock’s 50 day moving average price is GBX 174.17 and its 200 day moving average price is GBX 195.42. The company has a debt-to-equity ratio of 105.39, a quick ratio of 0.78 and a current ratio of 1.44. The company has a market capitalization of £187.03 million, a P/E ratio of 28.30 and a beta of 0.66.

Insider Activity at Midwich Group

In other news, insider Stephen Lamb sold 12,510 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of GBX 193, for a total value of £24,144.30. 20.43% of the stock is currently owned by insiders.

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.