Midwich Group (LON:MIDW) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Midwich Group plc (LON:MIDW) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 284.67 ($3.46) and traded as low as GBX 272 ($3.31). Midwich Group shares last traded at GBX 277 ($3.37), with a volume of 29,795 shares changing hands.

Midwich Group Stock Up 3.6 %

The stock has a market cap of £293.63 million, a price-to-earnings ratio of 1,304.55 and a beta of 0.66. The firm has a 50 day simple moving average of GBX 284.73 and a two-hundred day simple moving average of GBX 314.20. The company has a debt-to-equity ratio of 96.77, a current ratio of 1.44 and a quick ratio of 0.78.

Insider Activity at Midwich Group

In other Midwich Group news, insider Stephen Fenby acquired 150,000 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were acquired at an average price of GBX 273 ($3.32) per share, for a total transaction of £409,500 ($498,235.80). Corporate insiders own 26.21% of the company’s stock.

Midwich Group Company Profile

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.