M.T.I Wireless Edge (LON:MWE) Trading 6% Higher - Here's Why

Key Points

• M.T.I Wireless Edge Ltd. shares increased by 6%, reaching GBX 48.75 ($0.66), during trading on Tuesday.
• The company has a market cap of £52.59 million and a current ratio of 2.94, indicating strong financial stability.
• Shore Capital reaffirmed a "house stock" rating for M.T.I Wireless Edge, suggesting confidence in the company's potential growth.

M.T.I Wireless Edge Ltd. (LON:MWE - Get Free Report)'s share price was up 6% during trading on Tuesday . The stock traded as high as GBX 48.75 ($0.66) and last traded at GBX 48.75 ($0.66). Approximately 99,394 shares traded hands during trading, a decline of 36% from the average daily volume of 155,914 shares. The stock had previously closed at GBX 46 ($0.62).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "house stock" rating on shares of M.T.I Wireless Edge in a research report on Tuesday, May 27th.

M.T.I Wireless Edge Price Performance

The company has a debt-to-equity ratio of 3.04, a quick ratio of 2.15 and a current ratio of 2.94. The stock has a market capitalization of £51.51 million, a P/E ratio of 12.17 and a beta of 1.03. The firm has a 50-day moving average price of GBX 47.36 and a 200 day moving average price of GBX 49.55.

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.