M.T.I Wireless Edge (LON:MWE) Stock Crosses Below 50-Day Moving Average of $40.17

M.T.I Wireless Edge Ltd. (LON:MWE)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 40.17 ($0.51) and traded as low as GBX 36.17 ($0.46). M.T.I Wireless Edge shares last traded at GBX 37 ($0.47), with a volume of 30,139 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of M.T.I Wireless Edge in a research report on Monday, May 20th.

M.T.I Wireless Edge Stock Down 2.7 %

The firm’s 50-day simple moving average is GBX 40 and its 200 day simple moving average is GBX 40.86. The company has a debt-to-equity ratio of 3.39, a quick ratio of 2.15 and a current ratio of 2.84. The stock has a market capitalization of £31.28 million, a P/E ratio of 900.00 and a beta of 1.05.

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.