Midwich Group (LON:MIDW) Trading 6% Higher

Shares of Midwich Group plc (LON:MIDW) were up 6% on Thursday . The stock traded as high as GBX 326 ($4.26) and last traded at GBX 320 ($4.18). Approximately 13,461,856 shares traded hands during mid-day trading, an increase of 4,323% from the average daily volume of 304,359 shares. The stock had previously closed at GBX 302 ($3.95).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 620 ($8.11) price objective on shares of Midwich Group in a research note on Tuesday, September 3rd.

Midwich Group Stock Performance

The business’s fifty day simple moving average is GBX 343.48 and its 200-day simple moving average is GBX 378.43. The firm has a market cap of £331.48 million, a P/E ratio of 1,472.73 and a beta of 0.66. The company has a current ratio of 1.44, a quick ratio of 0.78 and a debt-to-equity ratio of 96.77.

Midwich Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 12th will be paid a GBX 5.50 ($0.07) dividend. The ex-dividend date is Thursday, September 12th. This represents a dividend yield of 1.7%. Midwich Group’s payout ratio is presently 7,727.27%.

Midwich Group Company Profile

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.