Midwich Group (LON:MIDW) Stock Price Down 2.7% - Should You Sell?

Key Points

• Midwich Group's stock price fell by 2.7%, closing at GBX 217 ($2.91) with a trading volume decreasing by 72% from its average.
• Berenberg Bank maintained a "buy" rating for Midwich Group, with a price target set at GBX 350, reflecting a positive outlook from analysts.
• Midwich Group's current financial ratios include a debt-to-equity ratio of 105.39 and a market capitalization of £223.00 million.

Midwich Group plc (LON:MIDW - Get Free Report)'s stock price was down 2.7% on Tuesday . The stock traded as low as GBX 217 ($2.91) and last traded at GBX 217 ($2.91). Approximately 78,045 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 278,831 shares. The stock had previously closed at GBX 223 ($2.99).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 350 price target on shares of Midwich Group in a research note on Monday, July 21st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 350.

Midwich Group Price Performance

The stock's 50-day moving average is GBX 220.22 and its 200 day moving average is GBX 213.60. The company has a debt-to-equity ratio of 105.39, a quick ratio of 0.78 and a current ratio of 1.44. The stock has a market capitalization of £223.00 million, a PE ratio of 1,429.51 and a beta of 0.66.

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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