Stephen Fenby Purchases 150,000 Shares of Midwich Group plc (LON:MIDW) Stock

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

Midwich Group Stock Performance

Shares of LON:MIDW opened at GBX 263 ($3.41) on Wednesday. The firm has a market cap of £269.08 million, a PE ratio of 1,195.45 and a beta of 0.66. The firm’s 50 day simple moving average is GBX 320.62 and its 200-day simple moving average is GBX 362.83. Midwich Group plc has a one year low of GBX 254.90 ($3.31) and a one year high of GBX 451 ($5.86). The company has a debt-to-equity ratio of 96.77, a quick ratio of 0.78 and a current ratio of 1.44.

Midwich Group Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.