Midwich Group (LON:MIDW) Shares Down 2.8%

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

Analyst Upgrades and Downgrades

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

Midwich Group Trading Down 2.8 %

The business’s 50-day moving average price is GBX 401.61 and its two-hundred day moving average price is GBX 396.75. The company has a debt-to-equity ratio of 82.76, a current ratio of 1.43 and a quick ratio of 0.78. The firm has a market cap of £429.60 million, a price-to-earnings ratio of 1,566.67 and a beta of 0.65.

Midwich Group Increases Dividend

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

Insider Activity

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

About Midwich Group

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.