Midwich Group (LON:MIDW) Shares Pass Below 50 Day Moving Average - What's Next?

Midwich Group plc (LON:MIDW - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 243.81 ($3.14) and traded as low as GBX 204.50 ($2.64). Midwich Group shares last traded at GBX 210 ($2.71), with a volume of 463,567 shares changing hands.

Midwich Group Stock Down 3.0 %

The company has a market cap of £196.10 million, a P/E ratio of 8.67 and a beta of 0.66. The stock has a 50-day moving average of GBX 239.18 and a two-hundred day moving average of GBX 274.12. The company has a debt-to-equity ratio of 105.39, a quick ratio of 0.78 and a current ratio of 1.44.

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

Midwich Group Increases Dividend

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

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.