M.T.I Wireless Edge (LON:MWE) Stock Price Up 15.6% - Here's Why

M.T.I Wireless Edge Ltd. (LON:MWE - Get Free Report) shares shot up 15.6% on Monday . The stock traded as high as GBX 69.60 ($0.90) and last traded at GBX 68.22 ($0.88). Approximately 279,430 shares traded hands during trading, an increase of 113% from the average daily volume of 131,416 shares. The stock had previously closed at GBX 59 ($0.77).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed 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 firm has a 50-day moving average of GBX 52.76 and a 200 day moving average of GBX 47.75. The company has a market capitalization of £70.23 million, a PE ratio of 16.59 and a beta of 1.03. The company has a debt-to-equity ratio of 3.04, a current ratio of 2.94 and a quick ratio of 2.15.

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.