Midwich Group (LON:MIDW) Announces Earnings Results

Midwich Group (LON:MIDWGet Free Report) released its earnings results on Tuesday. The company reported GBX 3.46 earnings per share for the quarter, Digital Look Earnings reports. Midwich Group had a negative return on equity of 12.68% and a negative net margin of 2.17%.

Midwich Group Stock Down 0.9%

Shares of LON:MIDW traded down GBX 1.40 during trading hours on Wednesday, hitting GBX 149.80. The company’s stock had a trading volume of 67,774 shares, compared to its average volume of 324,896. Midwich Group has a 52 week low of GBX 125.20 and a 52 week high of GBX 226. The company has a debt-to-equity ratio of 125.60, a current ratio of 1.55 and a quick ratio of 0.78. The company has a market capitalization of £154.61 million, a price-to-earnings ratio of -6.83 and a beta of 0.42. The firm’s fifty day moving average price is GBX 141.06 and its 200 day moving average price is GBX 146.44.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 350 price objective on shares of Midwich Group in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Midwich Group presently has an average rating of “Buy” and an average price target of GBX 350.

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Midwich Group Company Profile

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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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