Midwich Group plc (LON:MIDW - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 415.44 ($5.22) and traded as low as GBX 340.63 ($4.28). Midwich Group shares last traded at GBX 393 ($4.94), with a volume of 642,142 shares.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 710 ($8.92) price objective on shares of Midwich Group in a research note on Thursday, February 15th.
Get Our Latest Report on Midwich Group
Midwich Group Stock Up 0.5 %
The company has a market capitalization of £405.07 million, a price-to-earnings ratio of 1,462.96 and a beta of 0.68. The business's 50-day moving average is GBX 415.78 and its 200-day moving average is GBX 398.37. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 82.76.
Midwich Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 9th will be given a dividend of GBX 11 ($0.14) per share. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from Midwich Group's previous dividend of $5.50. This represents a yield of 2.78%. Midwich Group's payout ratio is currently 6,296.30%.
Insider Activity at Midwich Group
In related news, insider Stephen Lamb sold 115,545 shares of the business's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of GBX 413 ($5.19), for a total transaction of £477,200.85 ($599,347.97). 22.05% of the stock is currently owned by insiders.
About Midwich Group
(
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Midwich Group plc, together with its subsidiaries, distributes audio visual (AV) solutions to trade customers in the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, the Asia Pacific, and North America. The company distributes various AV categories, such as displays, projectors, technical and professional video products, audio and digital signage products, and broadcast products, as well as lighting and unified communications products.
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