M.T.I Wireless Edge’s (MWE) House Stock Rating Reiterated at Shore Capital

Shore Capital reaffirmed their house stock rating on shares of M.T.I Wireless Edge (LON:MWE) in a research report sent to investors on Monday morning, Marketbeat reports.

M.T.I Wireless Edge Stock Performance

MWE stock opened at GBX 59.60 ($0.78) on Monday. M.T.I Wireless Edge has a twelve month low of GBX 34.50 ($0.45) and a twelve month high of GBX 70.90 ($0.92). The company has a quick ratio of 2.15, a current ratio of 2.94 and a debt-to-equity ratio of 3.04. The business’s fifty day simple moving average is GBX 54.27 and its two-hundred day simple moving average is GBX 48.53. The firm has a market cap of £64.29 million, a price-to-earnings ratio of 15.19 and a beta of 1.03.

M.T.I Wireless Edge Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.03 per share. This is an increase from M.T.I Wireless Edge’s previous dividend of $0.03. The ex-dividend date of this dividend is Thursday, March 27th. This represents a dividend yield of 4.39%. M.T.I Wireless Edge’s dividend payout ratio is presently 50.97%.

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.