M.T.I Wireless Edge (LON:MWE) Shares Down 2.3%

M.T.I Wireless Edge Ltd. (LON:MWE)’s share price was down 2.3% during trading on Tuesday . The stock traded as low as GBX 41.39 ($0.51) and last traded at GBX 42 ($0.52). Approximately 20,655 shares were traded during trading, a decline of 65% from the average daily volume of 59,180 shares. The stock had previously closed at GBX 43 ($0.53).

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 Tuesday, April 2nd.

M.T.I Wireless Edge Price Performance

The company has a 50 day simple moving average of GBX 41.59 and a 200-day simple moving average of GBX 37.05. The stock has a market cap of £36.94 million, a price-to-earnings ratio of 1,050.00 and a beta of 1.00. The company has a current ratio of 2.67, a quick ratio of 2.15 and a debt-to-equity ratio of 4.30.

M.T.I Wireless Edge Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 21st were paid a $0.03 dividend. This is an increase from M.T.I Wireless Edge’s previous dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 21st. This represents a dividend yield of 6.61%. M.T.I Wireless Edge’s dividend payout ratio (DPR) is currently 5,000.00%.

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. It offers dual bands, directional, base station, and omni antennas; vehicular and train antennas; indoor antennas; and accessories, including mounting kit and integrated enclosure.