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Midwich Group (LON:MIDW) Share Price Breaks Above Two Hundred Day Moving Average - Here's What Happened

Midwich Group logo with Technology background
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Key Points

Midwich Group plc (LON:MIDW - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 159.22 and traded as high as GBX 161.96. Midwich Group shares last traded at GBX 161.20, with a volume of 1,903,001 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 350 target price on shares of Midwich Group in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of GBX 350.

Get Our Latest Stock Report on MIDW

Midwich Group Price Performance

The stock has a 50 day moving average of GBX 155.38 and a two-hundred day moving average of GBX 159.22. The company has a debt-to-equity ratio of 132.80, a quick ratio of 0.78 and a current ratio of 1.53. The firm has a market capitalization of £166.38 million, a P/E ratio of -9.99 and a beta of 0.42.

Midwich Group (LON:MIDW - Get Free Report) last announced its earnings results on Tuesday, September 22nd. The company reported GBX 3.46 earnings per share (EPS) for the quarter. Midwich Group had a negative return on equity of 10.30% and a negative net margin of 1.26%. Sell-side analysts predict that Midwich Group plc will post 36.91 earnings per share for the current fiscal year.

Insider Transactions at Midwich Group

In other Midwich Group news, insider Adam Councell purchased 74,586 shares of the stock in a transaction dated Monday, September 28th. The shares were bought at an average cost of GBX 167 per share, with a total value of £124,558.62. 20.34% of the stock is owned by company insiders.

Midwich Group Company Profile

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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