Shore Capital Group Reaffirms House Stock Rating for M.T.I Wireless Edge (LON:MWE)

M.T.I Wireless Edge (LON:MWE)‘s stock had its “house stock” rating reiterated by investment analysts at Shore Capital Group in a note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 100 price target on the stock. Shore Capital Group’s price objective suggests a potential upside of 42.86% from the company’s previous close.

M.T.I Wireless Edge Stock Performance

MWE opened at GBX 70 on Monday. The business has a fifty day simple moving average of GBX 64.37 and a 200 day simple moving average of GBX 56.22. The company has a market capitalization of £60.34 million, a PE ratio of 11.59 and a beta of 0.83. M.T.I Wireless Edge has a 1 year low of GBX 37 and a 1 year high of GBX 73. The company has a debt-to-equity ratio of 3.55, a current ratio of 2.57 and a quick ratio of 2.15.

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.