M.T.I Wireless Edge (LON:MWE) Shares Up 15.6% – Here’s Why

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

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed 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 Stock Up 9.6 %

The company has a debt-to-equity ratio of 3.04, a current ratio of 2.94 and a quick ratio of 2.15. The company has a market capitalization of £73.32 million, a price-to-earnings ratio of 17.32 and a beta of 1.03. The firm has a 50-day moving average price of GBX 52.25 and a two-hundred day moving average price of GBX 47.61.

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.