M.T.I Wireless Edge (LON:MWE) Trading 2.7% Higher - Here's Why

M.T.I Wireless Edge Ltd. (LON:MWE - Get Free Report) shares rose 2.7% on Tuesday . The company traded as high as GBX 49.49 ($0.66) and last traded at GBX 48.25 ($0.65). Approximately 121,474 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 166,387 shares. The stock had previously closed at GBX 47 ($0.63).

Wall Street Analyst Weigh In

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

M.T.I Wireless Edge Stock Up 2.7%

The stock has a fifty day moving average of GBX 46.64 and a 200 day moving average of GBX 49.31. The company has a debt-to-equity ratio of 3.04, a current ratio of 2.94 and a quick ratio of 2.15. The firm has a market capitalization of £52.05 million, a P/E ratio of 12.30 and a beta of 1.03.

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.

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