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

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

Analyst Upgrades and Downgrades

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

M.T.I Wireless Edge Trading Down 0.5%

The stock has a market capitalization of £41.37 million, a P/E ratio of 8.44 and a beta of 1.03. The business has a 50 day simple moving average of GBX 43.42 and a 200-day simple moving average of GBX 45.96. The company has a debt-to-equity ratio of 3.04, a quick ratio of 2.15 and a current ratio of 2.94.

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.