Midwich Group plc, together with its subsidiaries, engages in the distribution of audio visual (AV) solutions to the trade customers in the United Kingdom, Ireland, Europe, the Middle East, Africa, Asia Pacific, and North America. Its products support various AV categories, such as displays, projectors, broadcast, audio, video, and digital signage, as well as lighting and unified communications. The company also provides logistics services. It serves professional AV integrators and IT resellers in corporate, education, retail, residential, and hospitality sectors. The company was formerly known as Jade 320 Limited and changed its name to Midwich Group Plc in April 2016. Midwich Group plc was founded in 1976 and is based in Diss, the United Kingdom.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 780 ($9.56) price target on shares of Midwich Group in a research report on Tuesday, July 19th.
Midwich Group Stock Down 1.9 %
Shares of MIDW Stock traded down GBX 10 ($0.12) during trading hours on Monday, hitting GBX 530 ($6.49). 4,832 shares of the company were exchanged, compared to its average volume of 118,179. The company has a debt-to-equity ratio of 82.57, a quick ratio of 0.70 and a current ratio of 1.45. Midwich Group has a one year low of GBX 440 ($5.39) and a one year high of GBX 839.20 ($10.28). The business's 50-day simple moving average is GBX 576.23 and its two-hundred day simple moving average is GBX 592.14. The stock has a market capitalization of £471.06 million and a price-to-earnings ratio of 3,857.14.