Midwich Group (LON:MIDW) Posts Earnings Results

Midwich Group (LON:MIDW) announced its earnings results on Tuesday. The company reported GBX 26.24 ($0.34) earnings per share for the quarter, Digital Look Earnings reports. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%.

Midwich Group Stock Down 3.1 %

Shares of LON:MIDW traded down GBX 7 ($0.09) during midday trading on Thursday, reaching GBX 218 ($2.84). The company had a trading volume of 139,392 shares, compared to its average volume of 224,491. The business’s 50 day moving average price is GBX 256.49 and its 200 day moving average price is GBX 283.56. Midwich Group has a 1-year low of GBX 214.30 ($2.79) and a 1-year high of GBX 450.13 ($5.86). The company has a quick ratio of 0.78, a current ratio of 1.44 and a debt-to-equity ratio of 105.39. The stock has a market cap of £219.23 million, a PE ratio of 9.69 and a beta of 0.66.

Midwich Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, May 22nd will be given a GBX 7.50 ($0.10) dividend. This represents a yield of 3.15%. The ex-dividend date of this dividend is Thursday, May 22nd. This is a positive change from Midwich Group’s previous dividend of $5.50. Midwich Group’s dividend payout ratio (DPR) is currently 75.59%.

About Midwich Group

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.