Midwich Group (LON:MIDW) Sets New 52-Week Low - Here's What Happened

Key Points

• Midwich Group hit a new 52-week low, trading as low as GBX 145.40 and last at GBX 146.20 on a volume of 140,785 shares.
• Analysts remain positive: Berenberg reiterated a Buy rating and set a GBX 350 price target, which matches the MarketBeat consensus target.
• Key fundamentals show a market cap of £150.9m, a negative P/E and net margin, and a high debt-to-equity ratio of 125.6, with the 50- and 200-day moving averages (GBX 177–179) well above the current share price.

Midwich Group plc (LON:MIDW - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 145.40 and last traded at GBX 146.20, with a volume of 140785 shares trading hands. The stock had previously closed at GBX 152.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 350 price objective on shares of Midwich Group in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 350.

Midwich Group Price Performance

The firm has a market capitalization of £150.89 million, a P/E ratio of -6.67 and a beta of 0.45. The company has a debt-to-equity ratio of 125.60, a quick ratio of 0.78 and a current ratio of 1.55. The business has a 50 day simple moving average of GBX 177.48 and a two-hundred day simple moving average of GBX 179.37.

Midwich Group (LON:MIDW - Get Free Report) last announced its earnings results 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%. On average, sell-side analysts expect that Midwich Group plc will post 36.9099991 EPS for the current fiscal year.

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.

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