M.T.I Wireless Edge (LON:MWE) Trading Up 1.4% – Here’s Why

M.T.I Wireless Edge Ltd. (LON:MWE)’s stock price rose 1.4% during mid-day trading on Thursday . The stock traded as high as GBX 50 ($0.61) and last traded at GBX 49.90 ($0.61). Approximately 399,133 shares traded hands during trading, an increase of 45% from the average daily volume of 276,031 shares. The stock had previously closed at GBX 49.20 ($0.60).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of M.T.I Wireless Edge in a report on Tuesday, November 26th.

M.T.I Wireless Edge Stock Performance

The stock has a 50 day moving average of GBX 44.69 and a 200 day moving average of GBX 43.18. The company has a market capitalization of £43.75 million, a price-to-earnings ratio of 1,267.00 and a beta of 1.03. The company has a quick ratio of 2.15, a current ratio of 2.72 and a debt-to-equity ratio of 3.61.

About M.T.I Wireless Edge

MTI Wireless Edge Ltd (“MTI”) is an international, specialist technology group focused on comprehensive communication and radio frequency solutions across multiple sectors and geographies, serving blue chip clients.
The Company operates through three distinct divisions:
• Antenna Division
MTI is a world leader in the design, development and production of high quality, state-of-the-art, cost-effective antenna solutions for wireless applications, supplying both military and commercial markets.