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

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

Analyst Ratings Changes

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

M.T.I Wireless Edge Price Performance

The business’s fifty day moving average is GBX 46.72 and its 200 day moving average is GBX 44.85. 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 firm has a market capitalization of £45.32 million, a P/E ratio of 1,312.50 and a beta of 1.03.

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.