M.T.I Wireless Edge (LON:MWE) Trading 8.7% Higher – Here’s Why

M.T.I Wireless Edge Ltd. (LON:MWE) shares were up 8.7% on Wednesday . The company traded as high as GBX 53.45 ($0.67) and last traded at GBX 52.70 ($0.66). Approximately 170,652 shares traded hands during mid-day trading, an increase of 76% from the average daily volume of 96,892 shares. The stock had previously closed at GBX 48.50 ($0.60).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of M.T.I Wireless Edge in a report on Tuesday, January 14th.

M.T.I Wireless Edge Price Performance

The stock has a market cap of £45.32 million, a PE ratio of 1,312.50 and a beta of 1.03. The company has a current ratio of 2.72, a quick ratio of 2.15 and a debt-to-equity ratio of 3.61. The company’s 50 day moving average is GBX 46.72 and its 200-day moving average is GBX 44.85.

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.