M.T.I Wireless Edge (LON:MWE) Stock Price Up 1.4% – What’s Next?

Shares of M.T.I Wireless Edge Ltd. (LON:MWE) rose 1.4% during 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 changed hands during mid-day 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).

Wall Street Analyst Weigh In

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

M.T.I Wireless Edge Price Performance

The company has a quick ratio of 2.15, a current ratio of 2.72 and a debt-to-equity ratio of 3.61. The company’s fifty day moving average price is GBX 44.69 and its 200 day moving average price is GBX 43.18. The company has a market capitalization of £43.75 million, a P/E ratio of 1,267.00 and a beta of 1.03.

M.T.I Wireless Edge Company Profile

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.