Midwich Group plc (LON:MIDW – Get Free Report)’s stock price reached a new 52-week low on Monday . The company traded as low as GBX 255 ($3.31) and last traded at GBX 298 ($3.87), with a volume of 279211 shares traded. The stock had previously closed at GBX 268 ($3.48).
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 620 ($8.05) price target on shares of Midwich Group in a research note on Tuesday, September 3rd.
Read Our Latest Research Report on Midwich Group
Midwich Group Price Performance
Midwich Group Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 12th were given a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date was Thursday, September 12th. This represents a yield of 1.7%. Midwich Group’s dividend payout ratio (DPR) is presently 7,727.27%.
Insider Buying and Selling
In other Midwich Group news, insider Stephen Fenby bought 150,000 shares of Midwich Group stock in a transaction that occurred on Monday, October 21st. The shares were purchased at an average cost of GBX 273 ($3.54) per share, for a total transaction of £409,500 ($531,680.08). 26.21% of the stock is currently owned by company insiders.
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.
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