M.T.I Wireless Edge (LON:MWE) Stock Price Down 9.1% - Time to Sell?

M.T.I Wireless Edge Ltd. (LON:MWE - Get Free Report)'s share price fell 9.1% during trading on Monday . The company traded as low as GBX 59.75 ($0.78) and last traded at GBX 61.88 ($0.80). Approximately 231,934 shares were traded during mid-day trading, an increase of 21% from the average session volume of 191,380 shares. The stock had previously closed at GBX 68.06 ($0.89).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "house stock" rating on shares of M.T.I Wireless Edge in a report on Monday.

M.T.I Wireless Edge Stock Performance

The stock has a market cap of £63.11 million, a PE ratio of 14.91 and a beta of 1.03. The company's 50 day simple moving average is GBX 54.27 and its 200 day simple moving average is GBX 48.53. The company has a debt-to-equity ratio of 3.04, a quick ratio of 2.15 and a current ratio of 2.94.

M.T.I Wireless Edge Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, March 27th. This is an increase from M.T.I Wireless Edge's previous dividend of $0.03. This represents a yield of 4.39%. M.T.I Wireless Edge's dividend payout ratio 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.