M.T.I Wireless Edge (LON:MWE) Stock Price Down 0.2% – Should You Sell?

M.T.I Wireless Edge Ltd. (LON:MWE)’s stock price dropped 0.2% during mid-day trading on Wednesday . The stock traded as low as GBX 43 ($0.54) and last traded at GBX 43.93 ($0.55). Approximately 34,000 shares changed hands during trading, a decline of 54% from the average daily volume of 73,405 shares. The stock had previously closed at GBX 44 ($0.55).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of M.T.I Wireless Edge in a research report on Tuesday, November 26th.

M.T.I Wireless Edge Stock Down 0.2 %

The business’s 50 day simple moving average is GBX 45.32 and its 200-day simple moving average is GBX 42.93. The company has a debt-to-equity ratio of 3.61, a quick ratio of 2.15 and a current ratio of 2.72. The company has a market cap of £37.92 million, a price-to-earnings ratio of 1,098.13 and a beta of 1.03.

About M.T.I Wireless Edge

M.T.I Wireless Edge Ltd. engages in design, development, manufacture, and marketing of antennas for the civilian and military sectors. The company operates through three divisions: Antennas; Water Solutions; and Distribution & Consultation Services. It offers directional, subscriber, sector, vehicular, omni, and train antennas; and provides RFID antennas, such as dual circular, dual linear, high performance, forklift, toll, dual circular ultra-low axial ratio, vehicle mounted, slim, ATEX, linear, embedded, MAT, circular, and subscriber.