M.T.I Wireless Edge (LON:MWE) Stock Price Up 3.3% – What’s Next?

M.T.I Wireless Edge Ltd. (LON:MWE) shares rose 3.3% during trading on Monday . The company traded as high as GBX 46.76 ($0.60) and last traded at GBX 46.50 ($0.60). Approximately 46,601 shares changed hands during trading, a decline of 36% from the average daily volume of 72,958 shares. The stock had previously closed at GBX 45 ($0.58).

Analysts Set New Price Targets

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 Stock Up 3.3 %

The stock has a market capitalization of £40.14 million, a price-to-earnings ratio of 1,162.50 and a beta of 1.03. The firm’s 50 day simple moving average is GBX 46.37 and its 200-day simple moving average is GBX 42.77. The company has a current ratio of 2.72, a quick ratio of 2.15 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.