Midwich Group (LON:MIDW) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Midwich Group plc (LON:MIDW) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 243.81 ($3.15) 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 traded.

Midwich Group Stock Up 1.9 %

The company has a debt-to-equity ratio of 105.39, a current ratio of 1.44 and a quick ratio of 0.78. The stock’s fifty day simple moving average is GBX 243.81 and its 200-day simple moving average is GBX 276.69. The stock has a market cap of £211.18 million, a P/E ratio of 9.34 and a beta of 0.66.

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

Midwich Group Increases Dividend

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

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.