Midwich Group (LON:MIDW) Stock Price Up 1.1% – Still a Buy?

Midwich Group plc (LON:MIDW)’s share price shot up 1.1% during trading on Wednesday . The stock traded as high as GBX 287 ($3.62) and last traded at GBX 286 ($3.61). 26,272 shares were traded during trading, a decline of 92% from the average session volume of 311,870 shares. The stock had previously closed at GBX 283 ($3.57).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 620 ($7.83) price target on shares of Midwich Group in a research report on Tuesday, September 3rd.

Midwich Group Stock Performance

The stock has a market capitalization of £286.47 million, a P/E ratio of 1,272.73 and a beta of 0.66. The stock has a 50 day simple moving average of GBX 291.74 and a two-hundred day simple moving average of GBX 330.27. The company has a quick ratio of 0.78, a current ratio of 1.44 and a debt-to-equity ratio of 96.77.

Insider Activity

In other news, insider Stephen Fenby bought 150,000 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were bought at an average cost of GBX 273 ($3.45) per share, with a total value of £409,500 ($516,849.68). 26.21% of the stock is currently owned by insiders.

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.