Midwich Group plc (LON:MIDW) Insider Stephen Fenby Buys 24,170 Shares

Midwich Group plc (LON:MIDWGet Free Report) insider Stephen Fenby purchased 24,170 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was acquired at an average price of GBX 410 ($5.01) per share, for a total transaction of £99,097 ($121,041.90).

Stephen Fenby also recently made the following trade(s):

  • On Tuesday, October 10th, Stephen Fenby acquired 25,000 shares of Midwich Group stock. The stock was acquired at an average cost of GBX 400 ($4.89) per share, for a total transaction of £100,000 ($122,144.86).

Midwich Group Stock Performance

LON MIDW opened at GBX 426 ($5.20) on Tuesday. The firm’s fifty day moving average price is GBX 410.13 and its two-hundred day moving average price is GBX 441.73. The stock has a market cap of £439.85 million, a PE ratio of 2,058.10 and a beta of 0.73. The company has a debt-to-equity ratio of 79.56, a quick ratio of 0.78 and a current ratio of 1.39. Midwich Group plc has a fifty-two week low of GBX 390 ($4.76) and a fifty-two week high of GBX 558.20 ($6.82).

Midwich Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 27th. Investors of record on Thursday, September 21st will be given a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date is Thursday, September 21st. This represents a yield of 1.41%. Midwich Group’s dividend payout ratio is currently 7,619.05%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 800 ($9.77) price target on shares of Midwich Group in a research note on Tuesday, September 5th.

Read Our Latest Research Report on MIDW

About Midwich Group

(Get Free Report)

Midwich Group plc, together with its subsidiaries, engages in the distribution of audio visual (AV) solutions to the trade customers in the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, the Asia Pacific, and North America. Its products support 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.

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