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

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

M.T.I Wireless Edge Stock Up 14.1%

The firm has a 50-day simple moving average of GBX 49.99 and a 200 day simple moving average of GBX 46.60. The company has a market capitalization of £50.64 million, a PE ratio of 10.33 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.