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

M.T.I Wireless Edge Ltd. (LON:MWE)’s share price shot up 8.7% during mid-day 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 ($0.61).

Analyst Upgrades and Downgrades

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

M.T.I Wireless Edge Trading Down 2.2 %

The firm’s 50 day simple moving average is GBX 47 and its two-hundred day simple moving average is GBX 44.98. The stock has a market capitalization 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.

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.