Midwich Group (LON:MIDW) Reaches New 12-Month Low at $326.00

Midwich Group plc (LON:MIDW) shares reached a new 52-week low on Monday . The stock traded as low as GBX 326 ($4.17) and last traded at GBX 330 ($4.22), with a volume of 493902 shares traded. The stock had previously closed at GBX 342 ($4.37).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 620 ($7.92) target price on shares of Midwich Group in a research report on Thursday, July 18th.

Midwich Group Stock Down 1.5 %

The business has a 50-day moving average price of GBX 366.21 and a 200-day moving average price of GBX 385.37. The company has a market capitalization of £328.16 million, a price-to-earnings ratio of 1,185.19 and a beta of 0.68. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 82.76.

About Midwich Group

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.