M.T.I Wireless Edge (LON:MWE) Stock Crosses Below 50-Day Moving Average - Should You Sell?

Shares of M.T.I Wireless Edge Ltd. (LON:MWE - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 54.67 ($0.70) and traded as low as GBX 50.03 ($0.64). M.T.I Wireless Edge shares last traded at GBX 50.03 ($0.64), with a volume of 86,448 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "house stock" rating on shares of M.T.I Wireless Edge in a research note on Monday, March 17th.

M.T.I Wireless Edge Stock Up 4.3 %

The company has a market capitalization of £51.78 million, a P/E ratio of 12.23 and a beta of 1.03. The company has a 50 day simple moving average of GBX 54.48 and a two-hundred day simple moving average of GBX 49.25. The company has a quick ratio of 2.15, a current ratio of 2.94 and a debt-to-equity ratio of 3.04.

M.T.I Wireless Edge Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be issued a $0.03 dividend. This represents a dividend yield of 4.39%. The ex-dividend date is Thursday, March 27th. This is a positive change from M.T.I Wireless Edge's previous dividend of $0.03. M.T.I Wireless Edge's dividend payout ratio (DPR) is 50.97%.

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.