Midwich Group (LON:MIDW) Reaches New 1-Year Low - Here's What Happened

Key Points

• Shares hit a new 52-week low, trading as low as GBX 155 and last at GBX 159 on volume 240,098, well below the 50-day (GBX 193.17) and 200-day (GBX 185.15) moving averages.
• Analysts remain optimistic: Berenberg reiterated a Buy rating with a GBX 350 target, and the consensus rating and average price target are "Buy" and GBX 350.
• Company fundamentals show strain, with a market cap of £163.4m, high debt-to-equity (125.6) and negative profitability (ROE -12.68% and net margin -2.17%) despite quarterly EPS of GBX 22.37.

Shares of Midwich Group plc (LON:MIDW - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as GBX 155 and last traded at GBX 159, with a volume of 240098 shares traded. The stock had previously closed at GBX 160.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 350 target price on shares of Midwich Group in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Midwich Group currently has an average rating of "Buy" and an average price target of GBX 350.

Midwich Group Stock Down 0.6%

The company has a market capitalization of £163.40 million, a price-to-earnings ratio of 24.73 and a beta of 0.23. The company has a debt-to-equity ratio of 125.60, a current ratio of 1.55 and a quick ratio of 0.78. The firm's fifty day moving average price is GBX 193.17 and its 200-day moving average price is GBX 185.15.

Midwich Group (LON:MIDW - Get Free Report) last released its quarterly earnings data on Tuesday, March 17th. The company reported GBX 22.37 earnings per share for the quarter. Midwich Group had a negative return on equity of 12.68% and a negative net margin of 2.17%. Sell-side analysts expect that Midwich Group plc will post 36.9099991 earnings per share for the current fiscal year.

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.

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