M.T.I Wireless Edge (LON:MWE) Shares Up 15.6% – Still a Buy?

Shares of M.T.I Wireless Edge Ltd. (LON:MWE) rose 15.6% on Monday . The stock traded as high as GBX 69.60 ($0.90) and last traded at GBX 68.22 ($0.88). Approximately 279,430 shares were traded during trading, an increase of 113% from the average daily volume of 131,416 shares. The stock had previously closed at GBX 59 ($0.76).

Analysts Set New Price Targets

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

M.T.I Wireless Edge Trading Up 15.2 %

The company has a market capitalization of £73.35 million, a price-to-earnings ratio of 17.33 and a beta of 1.03. 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 firm has a fifty day moving average price of GBX 51.32 and a 200-day moving average price of GBX 47.26.

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.