Midwich Group (LON:MIDW) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Midwich Group plc (LON:MIDW)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 284.67 ($3.48) and traded as low as GBX 272 ($3.33). Midwich Group shares last traded at GBX 277 ($3.39), with a volume of 29,795 shares trading hands.

Midwich Group Stock Up 2.2 %

The firm’s fifty day moving average price is GBX 284.67 and its 200-day moving average price is GBX 315.29. The company has a debt-to-equity ratio of 96.77, a current ratio of 1.44 and a quick ratio of 0.78. The firm has a market capitalization of £289.54 million, a P/E ratio of 1,286.36 and a beta of 0.66.

Insider Activity

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 stock was purchased at an average cost of GBX 273 ($3.34) per share, for a total transaction of £409,500 ($501,040.01). Insiders own 26.21% of the company’s stock.

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.