M.T.I Wireless Edge (LON:MWE) Trading 8.7% Higher – Should You Buy?

Shares of M.T.I Wireless Edge Ltd. (LON:MWE) shot up 8.7% during trading on Wednesday . The stock traded as high as GBX 53.45 ($0.67) and last traded at GBX 52.70 ($0.66). 170,652 shares changed hands during mid-day trading, an increase of 76% from the average session volume of 96,892 shares. The stock had previously closed at GBX 48.50 ($0.61).

Analysts Set New Price Targets

Separately, Shore Capital reissued 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 firm has a market cap of £57.48 million, a P/E ratio of 13.58 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 business’s 50 day moving average is GBX 47 and its two-hundred day moving average is GBX 44.98.

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.