M.T.I Wireless Edge Ltd. (LON:MWE) Announces Dividend of $0.03

M.T.I Wireless Edge Ltd. (LON:MWE) announced a dividend on Monday, March 17th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 27th will be given a dividend of $0.03 per share on Friday, April 11th. This represents a yield of 4.39%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 6.5% increase from M.T.I Wireless Edge’s previous dividend of $0.03. The official announcement can be accessed at this link.

M.T.I Wireless Edge Trading Down 3.1 %

MWE stock traded down GBX 1.85 ($0.02) during midday trading on Tuesday, reaching GBX 57.65 ($0.75). The company’s stock had a trading volume of 526,368 shares, compared to its average volume of 208,862. 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 stock has a fifty day simple moving average of GBX 53.87 and a two-hundred day simple moving average of GBX 48.32. M.T.I Wireless Edge has a 1 year low of GBX 34.50 ($0.45) and a 1 year high of GBX 70.90 ($0.92). The firm has a market capitalization of £62.19 million, a price-to-earnings ratio of 14.69 and a beta of 1.03.

Wall Street Analyst Weigh In

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

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.