Midwich Group plc (LON:MIDW - Get Free Report) shares dropped 2.8% during mid-day trading on Friday . The company traded as low as GBX 416 ($5.14) and last traded at GBX 423 ($5.22). Approximately 105,788 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 172,102 shares. The stock had previously closed at GBX 435 ($5.37).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 710 ($8.77) price objective on shares of Midwich Group in a research note on Thursday, February 15th.
Get Our Latest Stock Report on Midwich Group
Midwich Group Price Performance
The company has a debt-to-equity ratio of 82.76, a quick ratio of 0.78 and a current ratio of 1.43. The firm has a fifty day simple moving average of GBX 400.16 and a 200 day simple moving average of GBX 396.57. The company has a market capitalization of £429.60 million, a PE ratio of 1,566.67 and a beta of 0.65.
Midwich Group Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 9th will be given a dividend of GBX 11 ($0.14) per share. This is an increase from Midwich Group's previous dividend of $5.50. The ex-dividend date of this dividend is Thursday, May 9th. This represents a dividend yield of 2.78%. Midwich Group's dividend payout ratio is presently 6,296.30%.
Insider Activity at Midwich Group
In other news, insider Stephen Lamb sold 115,545 shares of the business's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of GBX 413 ($5.10), for a total value of £477,200.85 ($589,427.93). 22.15% of the stock is currently owned by corporate insiders.
About Midwich Group
(
Get Free Report)
Midwich Group plc, together with its subsidiaries, engages in the distribution of audio visual (AV) solutions to the trade customers in the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, the Asia Pacific, and North America. Its products support 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Midwich Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Midwich Group wasn't on the list.
While Midwich Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
