Midwich Group (LON:MIDW) Posts Quarterly Earnings Results

Midwich Group (LON:MIDW) issued its quarterly earnings data on Tuesday. The company reported GBX 26.24 ($0.34) EPS 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 Trading Down 3.1 %

MIDW traded down GBX 7 ($0.09) during mid-day trading on Thursday, reaching GBX 218 ($2.84). The stock had a trading volume of 139,392 shares, compared to its average volume of 224,491. The firm’s fifty day simple moving average is GBX 256.49 and its two-hundred day simple moving average is GBX 283.56. The stock has a market capitalization of £219.23 million, a P/E ratio of 9.69 and a beta of 0.66. Midwich Group has a 52 week low of GBX 214.30 ($2.79) and a 52 week high of GBX 450.13 ($5.86). The company has a debt-to-equity ratio of 105.39, a quick ratio of 0.78 and a current ratio of 1.44.

Midwich Group Increases Dividend

The business also recently disclosed 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 boost from Midwich Group’s previous dividend of $5.50. Midwich Group’s payout ratio is 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.