M.T.I Wireless Edge (LON:MWE) Trading 14.6% Higher – Here’s What Happened

M.T.I Wireless Edge Ltd. (LON:MWE)’s stock price traded up 14.6% during mid-day trading on Tuesday . The company traded as high as GBX 62 and last traded at GBX 59. 246,936 shares traded hands during mid-day trading, an increase of 137% from the average session volume of 104,301 shares. The stock had previously closed at GBX 51.50.

M.T.I Wireless Edge Stock Up 0.6%

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 firm has a 50-day moving average of GBX 50.37 and a 200 day moving average of GBX 46.78. The stock has a market capitalization of £50.75 million, a price-to-earnings ratio of 10.35 and a beta of 1.03.

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.