Midwich Group plc (LON:MIDW - Get Free Report) shares fell 12.5% during mid-day trading on Monday . The stock traded as low as GBX 265.90 ($3.45) and last traded at GBX 280 ($3.64). 2,876,841 shares changed hands during mid-day trading, an increase of 808% from the average session volume of 316,928 shares. The stock had previously closed at GBX 320.03 ($4.16).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 620 ($8.05) price target on shares of Midwich Group in a report on Tuesday, September 3rd.
Read Our Latest Report on MIDW
Midwich Group Stock Down 17.2 %
The company has a market capitalization of £271.12 million, a price-to-earnings ratio of 1,204.55 and a beta of 0.66. The stock's fifty day simple moving average is GBX 322.33 and its two-hundred day simple moving average is GBX 363.92. The company has a debt-to-equity ratio of 96.77, a current ratio of 1.44 and a quick ratio of 0.78.
Midwich Group Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 12th were issued 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 dividend payout ratio (DPR) is 7,727.27%.
Insiders Place Their Bets
In other news, insider Stephen Fenby acquired 150,000 shares of the company's stock in a transaction that occurred on Monday, October 21st. The shares were acquired at an average price of GBX 273 ($3.54) per share, with a total value of £409,500 ($531,680.08). 26.21% of the stock is owned by corporate insiders.
Midwich Group Company Profile
(
Get Free Report)
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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