M.T.I Wireless Edge (LON:MWE) Trading Down 10.9% – Should You Sell?

M.T.I Wireless Edge Ltd. (LON:MWE)’s stock price fell 10.9% during trading on Wednesday . The company traded as low as GBX 45 ($0.60) and last traded at GBX 45 ($0.60). 125,454 shares were traded during mid-day trading, an increase of 62% from the average session volume of 77,665 shares. The stock had previously closed at GBX 50.50 ($0.68).

Wall Street Analyst Weigh In

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 3.2 %

The business’s fifty day moving average price is GBX 42.25 and its 200 day moving average price is GBX 42.61. The company has a quick ratio of 2.15, a current ratio of 2.72 and a debt-to-equity ratio of 3.61. The firm has a market capitalization of £39.35 million, a PE ratio of 1,100.00 and a beta of 1.03.

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.