Midwich Group (LON:MIDW) Trading Up 0.3% - Time to Buy?

Midwich Group plc (LON:MIDW - Get Free Report)'s stock price was up 0.3% during trading on Wednesday . The stock traded as high as GBX 300 ($3.75) and last traded at GBX 292.87 ($3.66). Approximately 19,147 shares were traded during trading, a decline of 94% from the average daily volume of 300,776 shares. The stock had previously closed at GBX 292 ($3.65).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 620 ($7.76) price objective on shares of Midwich Group in a research note on Tuesday, September 3rd.

Midwich Group Stock Up 0.3 %

The business's fifty day simple moving average is GBX 285 and its two-hundred day simple moving average is GBX 322.41. The company has a market cap of £299.64 million, a PE ratio of 1,331.23 and a beta of 0.66. The company has a debt-to-equity ratio of 96.77, a current ratio of 1.44 and a quick ratio of 0.78.

Insider Buying and Selling

In other news, insider Stephen Fenby purchased 150,000 shares of the stock in a transaction dated Monday, October 21st. The shares were purchased at an average cost of GBX 273 ($3.42) per share, with a total value of £409,500 ($512,387.39). 26.21% of the stock is owned by insiders.

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.

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