Midwich Group (LON:MIDW) Trading 0.3% Higher – Here’s What Happened

Midwich Group plc (LON:MIDW)’s stock price shot up 0.3% during trading on Monday . The company traded as high as GBX 189 and last traded at GBX 182. 31,870 shares changed hands during trading, a decline of 87% from the average session volume of 244,580 shares. The stock had previously closed at GBX 181.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 350 target price on shares of Midwich Group in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 350.

Midwich Group Stock Performance

The company has a quick ratio of 0.78, a current ratio of 1.44 and a debt-to-equity ratio of 105.39. The firm has a market cap of £191.14 million, a P/E ratio of 28.93 and a beta of 0.66. The business has a fifty day simple moving average of GBX 174.13 and a 200-day simple moving average of GBX 195.28.

Insider Activity

In related news, insider Stephen Lamb sold 33,310 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of GBX 188, for a total value of £62,622.80. 20.43% of the stock is currently owned by insiders.

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.