Midwich Group (LON:MIDW) Hits New 12-Month Low - Here's Why

Midwich Group plc (LON:MIDW - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 172 ($2.29) and last traded at GBX 182 ($2.42), with a volume of 665269 shares trading hands. The stock had previously closed at GBX 179.50 ($2.39).

Midwich Group Stock Up 1.4 %

The stock has a market capitalization of £178.50 million, a P/E ratio of 7.89 and a beta of 0.66. The stock has a 50 day moving average price of GBX 219.98 and a 200-day moving average price of GBX 263.05. The company has a debt-to-equity ratio of 105.39, a current ratio of 1.44 and a quick ratio of 0.78.

Midwich Group (LON:MIDW - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported GBX 26.24 ($0.35) earnings per share (EPS) for the quarter. Midwich Group had a return on equity of 12.88% and a net margin of 1.70%. As a group, research analysts expect that Midwich Group plc will post 36.9099991 EPS for the current fiscal year.

Midwich Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, May 22nd will be paid a GBX 7.50 ($0.10) dividend. This represents a dividend yield of 3.15%. This is an increase from Midwich Group's previous dividend of $5.50. The ex-dividend date is Thursday, May 22nd. Midwich Group's payout ratio is presently 75.59%.

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.