M.T.I Wireless Edge (LON:MWE) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

M.T.I Wireless Edge Ltd. (LON:MWE) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 43.42 ($0.57) and traded as high as GBX 46.55 ($0.61). M.T.I Wireless Edge shares last traded at GBX 46.55 ($0.61), with a volume of 159,347 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of M.T.I Wireless Edge in a report on Thursday, September 26th.

M.T.I Wireless Edge Price Performance

The stock has a fifty day moving average of GBX 43.61 and a two-hundred day moving average of GBX 42.52. The stock has a market cap of £40.26 million, a price-to-earnings ratio of 1,163.75 and a beta of 1.03. The company has a quick ratio of 2.15, a current ratio of 2.72 and a debt-to-equity ratio of 3.61.

M.T.I Wireless Edge Company Profile

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.