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

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 traded up 6% on Tuesday . The company traded as high as GBX 48.75 ($0.66) and last traded at GBX 48.75 ($0.66). 99,394 shares were traded during trading, a decline of 36% from the average session volume of 155,914 shares. The stock had previously closed at GBX 46 ($0.62).

Analyst Ratings Changes

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

M.T.I Wireless Edge Stock Down 0.5%

The company has a market cap of £51.51 million, a PE ratio of 12.17 and a beta of 1.03. The stock's 50 day moving average price is GBX 47.36 and its 200-day moving average price is GBX 49.53. The company has a debt-to-equity ratio of 3.04, a quick ratio of 2.15 and a current ratio of 2.94.

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.