M.T.I Wireless Edge (LON:MWE) Earns House Stock Rating from Shore Capital

Shore Capital reiterated their house stock rating on shares of M.T.I Wireless Edge (LON:MWE) in a report released on Monday, Marketbeat Ratings reports.

M.T.I Wireless Edge Price Performance

Shares of MWE stock opened at GBX 59.60 ($0.78) on Monday. 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 stock’s 50-day moving average is GBX 54.27 and its 200 day moving average is GBX 48.53. The company has a market cap of £64.29 million, a P/E ratio of 15.19 and a beta of 1.03. The company has a debt-to-equity ratio of 3.04, a current ratio of 2.94 and a quick ratio of 2.15.

M.T.I Wireless Edge Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued a $0.03 dividend. This represents a yield of 4.39%. The ex-dividend date is Thursday, March 27th. This is an increase from M.T.I Wireless Edge’s previous dividend of $0.03. M.T.I Wireless Edge’s dividend payout ratio (DPR) is currently 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.