M.T.I Wireless Edge (LON:MWE) Share Price Crosses Above 50 Day Moving Average of $40.09

M.T.I Wireless Edge Ltd. (LON:MWE)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 40.09 ($0.53) and traded as high as GBX 48.88 ($0.65). M.T.I Wireless Edge shares last traded at GBX 48 ($0.63), with a volume of 34,286 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of M.T.I Wireless Edge in a research report on Monday, September 2nd.

M.T.I Wireless Edge Stock Down 0.7 %

The company has a market capitalization of £41.32 million, a PE ratio of 1,200.00 and a beta of 1.03. The company has a current ratio of 2.72, a quick ratio of 2.15 and a debt-to-equity ratio of 3.61. The business has a fifty day moving average of GBX 40.09 and a 200 day moving average of GBX 41.92.

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.