Midwest (NASDAQ:MDWT) Downgraded by Zacks Investment Research to Sell

Midwest stock has undergone multiple analysts rating changes in the recent past.  Midwest Downgraded by Zacks Investment Research on 10/14/2021. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Buy.

Shares of Midwest traded down -$0.03 on Wednesday, reaching $38.17. 0 shares of the stock traded hands, compared to its average volume of 17799. Shares of Midwest were trading at $38.17 on Wednesday. The firm’s 50 day moving average is $38.36 and its 200 day moving average is $44.91.Midwest has a 12 month low of $37.70 and a 12 month high of $126.00. While on yearly highs and lows, Midwest’s today has traded high as $38.74 and has touched $37.70 on the downward trend. See More Analyst Rating at: RATING

Midwest Earnings and What to expect: 

Midwest last posted its earnings data on August 12th, 2021. The reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.24. The business earned $9.11 million during the quarter, compared to analysts’ expectations of $8.70 million. Midwest has generated ($4.42) earnings per share over the last year. Earnings for Midwest are expected to grow by 92.16% in the coming year, from $2.55 to $4.90 per share. Midwest has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 11th, 2021 based off prior year’s report dates.

Earnings for Midwest are expected to grow by 92.16% in the coming year, from $2.55 to $4.90 per share. The P/E ratio of Midwest is -8.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Midwest is -8.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Midwest has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Midwest (NASDAQ:MDWT) Moving Average Technical Analysis

5 day Moving Average is $37.72 And 5 day price change is $1.62 (4.43%)  with average volume for 5 day average is 14,840. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $39.26 and 20 day price change is -$0.76 (-1.95%) and average 20 day moving volume is 20,655. 50 day moving average is $38.36  and 50 day price change is -$3.39 ( -8.16%)  and with average volume for 50 days is : 16,246. 200 day moving average is $44.91  and 200 day price change is -$21.07 (-35.57%)  and with average volume for 200 days is : 12,887.

Other owners latest trading in Midwest :

  • On 8/17/2021 shares held by Millennium Management LLC were 55,787 which equates to market value of $2.18M and appx 0.00% owners of Midwest
  • On 8/16/2021 shares held by Alyeska Investment Group L.P. were 37,114 which equates to market value of $1.46M and appx 0.00% owners of Midwest
  • On 8/16/2021 shares held by Schonfeld Strategic Advisors LLC were 8,900 which equates to market value of $0.35M and appx 0.00% owners of Midwest
  • In total Institutional ownership equates to Institutional Ownership Percentage: 31.03% for Midwest

See More Analyst Rating at: RATING