Midwich Group plc (LON:MIDW – Get Free Report) shares traded down 12.5% during mid-day trading on Monday . The stock traded as low as GBX 265.90 ($3.47) and last traded at GBX 280 ($3.66). 2,876,841 shares changed hands during mid-day trading, an increase of 808% from the average session volume of 316,928 shares. The stock had previously closed at GBX 320.03 ($4.18).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 620 ($8.10) target price on shares of Midwich Group in a research report on Tuesday, September 3rd.
Read Our Latest Stock Report on MIDW
Midwich Group Trading Down 12.5 %
Midwich Group Cuts Dividend
The business also recently announced a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were given a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 1.7%. Midwich Group’s payout ratio is 7,727.27%.
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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