Midwich Group (LON:MIDW) Trading Down 2.8%

Midwich Group plc (LON:MIDW) traded down 2.8% on Friday . The company traded as low as GBX 416 ($5.14) and last traded at GBX 423 ($5.22). 105,788 shares were traded during trading, a decline of 39% from the average session volume of 172,102 shares. The stock had previously closed at GBX 435 ($5.37).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 710 ($8.77) price objective on shares of Midwich Group in a research report on Thursday, February 15th.

Midwich Group Stock Down 2.8 %

The business’s 50 day moving average price is GBX 400.16 and its 200-day moving average price is GBX 396.57. The company has a debt-to-equity ratio of 82.76, a quick ratio of 0.78 and a current ratio of 1.43. The firm has a market capitalization of £429.60 million, a PE ratio of 1,566.67 and a beta of 0.65.

Midwich Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 9th will be paid a dividend of GBX 11 ($0.14) per share. This represents a yield of 2.78%. This is a boost from Midwich Group’s previous dividend of $5.50. The ex-dividend date is Thursday, May 9th. Midwich Group’s dividend payout ratio is 6,296.30%.

Insider Transactions at Midwich Group

In related news, insider Stephen Lamb sold 115,545 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of GBX 413 ($5.10), for a total transaction of £477,200.85 ($589,427.93). Company insiders own 22.15% of the company’s stock.

Midwich Group Company Profile

Midwich Group plc, together with its subsidiaries, engages in the distribution of audio visual (AV) solutions to the trade customers in the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, the Asia Pacific, and North America. Its products support 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.