M.T.I Wireless Edge (LON:MWE) Stock Price Up 5.5%

M.T.I Wireless Edge Ltd. (LON:MWE)’s stock price rose 5.5% during trading on Tuesday . The stock traded as high as GBX 46.68 ($0.61) and last traded at GBX 46.68 ($0.61). Approximately 331,491 shares were traded during trading, an increase of 353% from the average daily volume of 73,129 shares. The stock had previously closed at GBX 44.27 ($0.58).

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 Monday, September 2nd.

M.T.I Wireless Edge Price Performance

The company has a 50 day moving average price of GBX 39.33 and a 200 day moving average price of GBX 41.50. The firm has a market cap of £40.53 million, a PE ratio of 1,166.63 and a beta of 1.05. The company has a current ratio of 2.72, a quick ratio of 2.15 and a debt-to-equity ratio of 3.61.

About M.T.I Wireless Edge

M.T.I Wireless Edge Ltd. engages in design, development, manufacture, and marketing of antennas for the civilian and military sectors. The company operates through three divisions: Antennas; Water Solutions; and Distribution & Consultation Services. It offers directional, subscriber, sector, vehicular, omni, and train antennas; and provides RFID antennas, such as dual circular, dual linear, high performance, forklift, toll, dual circular ultra-low axial ratio, vehicle mounted, slim, ATEX, linear, embedded, MAT, circular, and subscriber.