Midwich Group (LON:MIDW) Trading 2.2% Higher - Time to Buy?

Key Points

• Midwich Group's stock rose by 2.2% to GBX 230 ($3.09) with a trading volume significantly lower than the average, indicating a potential shift in market interest.
• Analysts at Berenberg Bank have reaffirmed a "buy" rating for Midwich Group and set a price target of GBX 350 ($4.70), suggesting positive future outlook for the company.
• With a market capitalization of £231.29 million, Midwich Group has a PE ratio of 10.23 and a debt-to-equity ratio of 105.39, reflecting its financial leverage situation.

Midwich Group plc (LON:MIDW - Get Free Report) shares were up 2.2% during trading on Monday . The stock traded as high as GBX 230 ($3.12) and last traded at GBX 230 ($3.12). Approximately 46,525 shares changed hands during trading, a decline of 84% from the average daily volume of 293,527 shares. The stock had previously closed at GBX 225 ($3.06).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 350 ($4.75) price objective on shares of Midwich Group in a research report on Monday, July 21st.

Midwich Group Trading Down 0.4%

The company has a quick ratio of 0.78, a current ratio of 1.44 and a debt-to-equity ratio of 105.39. The firm has a 50 day moving average of GBX 214.20 and a 200 day moving average of GBX 217.03. The firm has a market cap of £229.28 million, a PE ratio of 10.14 and a beta of 0.66.

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.