Midwich Group (LON:MIDW) Share Price Crosses Below Fifty Day Moving Average - Here's What Happened
Midwich Group plc (LON:MIDW - Get Free Report)'s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 243.81 ($3.15) and traded as low as GBX 204.50 ($2.64). Midwich Group shares last traded at GBX 210 ($2.71), with a volume of 463,567 shares changing hands.
The company has a debt-to-equity ratio of 105.39, a current ratio of 1.44 and a quick ratio of 0.78. The stock has a 50-day moving average price of GBX 243.81 and a 200-day moving average price of GBX 276.69. The firm has a market capitalization of £211.18 million, a PE ratio of 9.34 and a beta of 0.66.
Midwich Group (LON:MIDW - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported GBX 26.24 ($0.34) earnings per share (EPS) for the quarter. Midwich Group had a return on equity of 12.88% and a net margin of 1.70%. On average, research analysts expect that Midwich Group plc will post 36.9099991 EPS for the current fiscal year.
The business also recently announced a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, May 22nd will be paid a GBX 7.50 ($0.10) dividend. This represents a dividend yield of 3.15%. The ex-dividend date is Thursday, May 22nd. This is a positive change from Midwich Group's previous dividend of $5.50. Midwich Group's dividend payout ratio is 75.59%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Midwich Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Midwich Group wasn't on the list.
While Midwich Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
