M.T.I Wireless Edge (LON:MWE) Stock Price Down 9.1% – Should You Sell?

Shares of M.T.I Wireless Edge Ltd. (LON:MWE) were down 9.1% on Monday . The company traded as low as GBX 59.75 ($0.77) and last traded at GBX 61.88 ($0.80). Approximately 231,934 shares changed hands during trading, an increase of 21% from the average daily volume of 191,380 shares. The stock had previously closed at GBX 68.06 ($0.88).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of M.T.I Wireless Edge in a research report on Tuesday, January 14th.

M.T.I Wireless Edge Price Performance

The company has a debt-to-equity ratio of 3.04, a current ratio of 2.94 and a quick ratio of 2.15. The firm has a market cap of £66.45 million, a price-to-earnings ratio of 15.70 and a beta of 1.03. The business’s 50-day moving average price is GBX 53.62 and its two-hundred day moving average price is GBX 48.18.

About M.T.I Wireless Edge

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.