Midwich Group (LON:MIDW) Hits New 1-Year Low – Here’s Why

Midwich Group plc (LON:MIDW) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 221 ($2.87) and last traded at GBX 225 ($2.93), with a volume of 358574 shares. The stock had previously closed at GBX 238 ($3.09).

Midwich Group Trading Down 5.5 %

The business has a 50 day moving average of GBX 257.63 and a two-hundred day moving average of GBX 284.29. The firm has a market cap of £226.27 million, a P/E ratio of 10.00 and a beta of 0.66. The company has a current ratio of 1.44, a quick ratio of 0.78 and a debt-to-equity ratio of 105.39.

Midwich Group (LON:MIDW) last announced its earnings results on Tuesday, March 18th. The company reported GBX 26.24 ($0.34) EPS for the quarter. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%. Analysts predict that Midwich Group plc will post 36.9099991 earnings per share for the current year.

Midwich Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, May 22nd will be given a dividend of GBX 7.50 ($0.10) per share. This is a boost from Midwich Group’s previous dividend of $5.50. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 3.15%. Midwich Group’s dividend payout ratio is currently 75.59%.

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.