Midwich Group plc (LON:MIDW - Get Free Report) insider Stephen Fenby bought 150,000 shares of the company's stock in a transaction dated Monday, October 21st. The stock was bought at an average cost of GBX 273 ($3.54) per share, with a total value of £409,500 ($531,680.08).
Midwich Group Trading Down 17.2 %
Shares of Midwich Group stock traded down GBX 55 ($0.71) on Monday, hitting GBX 265 ($3.44). 807,838 shares of the company's stock traded hands, compared to its average volume of 311,998. Midwich Group plc has a one year low of GBX 260 ($3.38) and a one year high of GBX 451 ($5.86). The company has a debt-to-equity ratio of 96.77, a current ratio of 1.44 and a quick ratio of 0.78. The stock has a market capitalization of £271.12 million, a PE ratio of 1,272.73 and a beta of 0.66. The firm's 50-day moving average price is GBX 323.95 and its two-hundred day moving average price is GBX 365.06.
Midwich Group Cuts Dividend
The business also recently announced a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were given a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 1.7%. Midwich Group's payout ratio is currently 7,727.27%.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 620 ($8.05) price objective on shares of Midwich Group in a research note on Tuesday, September 3rd.
Read Our Latest Report on MIDW
About Midwich Group
(
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Midwich Group plc, together with its subsidiaries, distributes audio visual (AV) solutions to trade customers in the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, the Asia Pacific, and North America. The company distributes various AV categories, such as displays, projectors, technical and professional video products, audio and digital signage products, and broadcast products, as well as lighting and unified communications products.
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