M.T.I Wireless Edge (LON:MWE) Shares Up 8.9% – Time to Buy?

M.T.I Wireless Edge Ltd. (LON:MWE) shot up 8.9% during trading on Monday . The company traded as high as GBX 69 and last traded at GBX 67.07. 108,070 shares were traded during trading, a decline of 36% from the average session volume of 169,578 shares. The stock had previously closed at GBX 61.60.

M.T.I Wireless Edge Stock Up 9.5%

The company has a current ratio of 2.57, a quick ratio of 2.15 and a debt-to-equity ratio of 3.55. The firm has a market cap of £58.13 million, a PE ratio of 11.57 and a beta of 0.70. The business’s 50-day simple moving average is GBX 56.49 and its 200 day simple moving average is GBX 49.41.

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.