Midwich Group (LON:MIDW) Stock Price Up 0.6% - Still a Buy?

Key Points

• Midwich Group's stock price increased by 0.6% to GBX 182.50 ($2.45) amidst a significant drop in trading volume, reflecting only 16% of the average session volume.
• Berenberg Bank has maintained a "buy" rating for the company, setting a price target of GBX 350, with a consensus rating of "Buy" from analysts.
• In its latest earnings report, Midwich Group posted an earnings per share of GBX 6.91, and has a net margin of 1.70% with a return on equity of 12.88%.

Midwich Group plc (LON:MIDW - Get Free Report)'s stock price shot up 0.6% on Tuesday . The stock traded as high as GBX 184 ($2.47) and last traded at GBX 182.50 ($2.45). 46,849 shares traded hands during trading, a decline of 84% from the average session volume of 289,558 shares. The stock had previously closed at GBX 181.50 ($2.44).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 350 price target on shares of Midwich Group in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Midwich Group currently has a consensus rating of "Buy" and a consensus price target of GBX 350.

Midwich Group Trading Up 0.6%

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 company has a market cap of £187.55 million, a price-to-earnings ratio of 1,202.24 and a beta of 0.66. The company's fifty day moving average is GBX 212.54 and its two-hundred day moving average is GBX 206.20.

Midwich Group (LON:MIDW - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported GBX 6.91 earnings per share for the quarter. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%. On average, research analysts anticipate that Midwich Group plc will post 36.9099991 EPS for the current year.

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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