M.T.I Wireless Edge (LON:MWE) Shares Down 0.5% – Time to Sell?

M.T.I Wireless Edge Ltd. (LON:MWE) traded down 0.5% during trading on Monday . The company traded as low as GBX 47.55 and last traded at GBX 48. 79,381 shares were traded during mid-day trading, a decline of 47% from the average session volume of 150,929 shares. The stock had previously closed at GBX 48.22.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of M.T.I Wireless Edge in a research note on Monday, October 13th.

M.T.I Wireless Edge Stock Performance

The firm’s fifty day simple moving average is GBX 43.42 and its 200 day simple moving average is GBX 45.96. The company has a market capitalization of £41.37 million, a price-to-earnings ratio of 8.44 and a beta of 1.03. The company has a debt-to-equity ratio of 3.04, a current ratio of 2.94 and a quick ratio of 2.15.

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.