Midwich Group (LON:MIDW) Sets New 12-Month Low - Here's What Happened

Midwich Group plc (LON:MIDW - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 201 ($2.59) and last traded at GBX 205 ($2.64), with a volume of 883469 shares trading hands. The stock had previously closed at GBX 210 ($2.71).

Midwich Group Price Performance

The company has a current ratio of 1.44, a quick ratio of 0.78 and a debt-to-equity ratio of 105.39. The firm has a fifty day moving average of GBX 239.18 and a two-hundred day moving average of GBX 274.12. The company has a market capitalization of £190.06 million, a PE ratio of 8.40 and a beta of 0.66.

Midwich Group (LON:MIDW - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported GBX 26.24 ($0.34) EPS for the quarter. Midwich Group had a return on equity of 12.88% and a net margin of 1.70%. Research analysts anticipate that Midwich Group plc will post 36.9099991 EPS for the current fiscal year.

Midwich Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, May 22nd will be given a dividend of GBX 7.50 ($0.10) per share. This is an increase from Midwich Group's previous dividend of $5.50. This represents a yield of 3.15%. The ex-dividend date is Thursday, May 22nd. Midwich Group's payout ratio is presently 75.59%.

Midwich Group Company Profile

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.