Midwich Group (LON:MIDW – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported GBX 3.46 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Midwich Group had a negative net margin of 2.17% and a negative return on equity of 12.68%.
Midwich Group Stock Down 0.9%
Shares of LON MIDW traded down GBX 1.40 during midday trading on Wednesday, hitting GBX 149.80. The stock had a trading volume of 67,774 shares, compared to its average volume of 324,896. The company has a quick ratio of 0.78, a current ratio of 1.55 and a debt-to-equity ratio of 125.60. Midwich Group has a 52 week low of GBX 125.20 and a 52 week high of GBX 226. The company has a market cap of £154.61 million, a P/E ratio of -6.83 and a beta of 0.42. The business’s 50 day moving average is GBX 141.06 and its 200-day moving average is GBX 146.44.
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 350 price target on shares of Midwich Group in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 350.
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.
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