M.T.I Wireless Edge (LON:MWE) Stock Passes Below 50 Day Moving Average – Should You Sell?

M.T.I Wireless Edge Ltd. (LON:MWE) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 54.67 ($0.72) and traded as low as GBX 50.03 ($0.66). M.T.I Wireless Edge shares last traded at GBX 50.03 ($0.66), with a volume of 86,448 shares traded.

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of M.T.I Wireless Edge in a research report on Monday, March 17th.

M.T.I Wireless Edge Trading Down 1.8 %

The company has a debt-to-equity ratio of 3.04, a current ratio of 2.94 and a quick ratio of 2.15. The firm has a fifty day simple moving average of GBX 54.67 and a two-hundred day simple moving average of GBX 49.22. The firm has a market capitalization of £54.05 million, a P/E ratio of 12.77 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 issued a $0.03 dividend. This represents a dividend yield of 4.39%. 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. M.T.I Wireless Edge’s dividend payout ratio is presently 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.