M.T.I Wireless Edge (LON:MWE) Shares Up 15.6% – Still a Buy?

M.T.I Wireless Edge Ltd. (LON:MWE) shares shot up 15.6% during mid-day trading on Monday . The stock traded as high as GBX 69.60 ($0.90) and last traded at GBX 68.22 ($0.88). 279,430 shares were traded during mid-day trading, an increase of 113% from the average session volume of 131,416 shares. The stock had previously closed at GBX 59 ($0.76).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated 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 Trading Up 15.2 %

The stock has a market cap of £73.35 million, a price-to-earnings ratio of 17.33 and a beta of 1.03. The company has a debt-to-equity ratio of 3.04, a quick ratio of 2.15 and a current ratio of 2.94. The business has a 50-day simple moving average of GBX 51.32 and a two-hundred day simple moving average of GBX 47.26.

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.