M.T.I Wireless Edge (LON:MWE) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of M.T.I Wireless Edge Ltd. (LON:MWE) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 49.03 ($0.63) and traded as high as GBX 57 ($0.73). M.T.I Wireless Edge shares last traded at GBX 55.05 ($0.71), with a volume of 183,264 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of M.T.I Wireless Edge in a research report on Monday, March 17th.

M.T.I Wireless Edge Stock Performance

The company’s fifty day simple moving average is GBX 54.79 and its two-hundred day simple moving average is GBX 49.03. 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 stock has a market capitalization of £57.17 million, a P/E ratio of 13.51 and a beta of 1.03.

M.T.I Wireless Edge Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a dividend yield of 4.39%. This is a positive change from M.T.I Wireless Edge’s previous dividend of $0.03. M.T.I Wireless Edge’s dividend payout ratio (DPR) is 50.97%.

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.