Midwich Group (LON:MIDW) Shares Down 0.5% - Time to Sell?

Midwich Group plc (LON:MIDW - Get Free Report)'s share price dropped 0.5% during mid-day trading on Tuesday . The company traded as low as GBX 200 ($2.72) and last traded at GBX 203 ($2.76). Approximately 260,498 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 381,917 shares. The stock had previously closed at GBX 204 ($2.77).

Midwich Group Price Performance

The stock has a market cap of £203.14 million, a P/E ratio of 8.98 and a beta of 0.66. The business's 50 day moving average price is GBX 196.33 and its two-hundred day moving average price is GBX 240.78. The company has a current ratio of 1.44, a quick ratio of 0.78 and a debt-to-equity ratio of 105.39.

Midwich Group (LON:MIDW - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported GBX 26.24 ($0.36) earnings per share for the quarter. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%. As a group, sell-side analysts expect that Midwich Group plc will post 36.9099991 earnings per share for the current fiscal year.

Midwich Group Increases Dividend

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