Midwich Group plc (LON:MIDW) Insider Purchases £409,500 in Stock

Midwich Group plc (LON:MIDW) insider Stephen Fenby acquired 150,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were bought at an average price of GBX 273 ($3.54) per share, with a total value of £409,500 ($531,680.08).

Midwich Group Stock Up 0.8 %

Shares of Midwich Group stock opened at GBX 265 ($3.44) on Thursday. 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 plc has a 1 year low of GBX 254 ($3.30) and a 1 year high of GBX 451 ($5.86). The stock has a 50-day moving average price of GBX 319.16 and a 200 day moving average price of GBX 361.82. The company has a market cap of £271.12 million, a P/E ratio of 1,204.55 and a beta of 0.66.

Midwich Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were issued a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 1.7%. Midwich Group’s dividend payout ratio is currently 7,727.27%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 620 ($8.05) price target on shares of Midwich Group in a research report on Tuesday, September 3rd.

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.