M.T.I Wireless Edge (LON:MWE) Shares Pass Below Fifty Day Moving Average – Time to Sell?

M.T.I Wireless Edge Ltd. (LON:MWE)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 42.95 and traded as low as GBX 41.47. M.T.I Wireless Edge shares last traded at GBX 42.85, with a volume of 86,622 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “house stock” rating on shares of M.T.I Wireless Edge in a research report on Monday, October 13th.

M.T.I Wireless Edge Trading Down 0.9%

The company has a market capitalization of £35.87 million, a price-to-earnings ratio of 7.79 and a beta of 1.03. The company has a debt-to-equity ratio of 3.04, a quick ratio of 2.15 and a current ratio of 2.94. The business’s 50-day simple moving average is GBX 42.95 and its 200-day simple moving average is GBX 45.93.

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.