M.T.I Wireless Edge (LON:MWE) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

M.T.I Wireless Edge Ltd. (LON:MWE)’s share price passed 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.

Analyst Ratings Changes

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

M.T.I Wireless Edge Trading Down 4.5 %

The firm has a market capitalization of £57.17 million, a P/E ratio of 13.51 and a beta of 1.03. The company has a quick ratio of 2.15, a current ratio of 2.94 and a debt-to-equity ratio of 3.04. The firm has a 50 day moving average of GBX 54.79 and a 200-day moving average of GBX 49.03.

M.T.I Wireless Edge Increases Dividend

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