M.T.I Wireless Edge (LON:MWE) Trading Down 2.3%

M.T.I Wireless Edge Ltd. (LON:MWE)’s stock price dropped 2.3% during mid-day trading on Tuesday . The stock traded as low as GBX 41.39 ($0.51) and last traded at GBX 42 ($0.52). Approximately 20,655 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 59,180 shares. The stock had previously closed at GBX 43 ($0.53).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of M.T.I Wireless Edge in a research report on Tuesday, April 2nd.

M.T.I Wireless Edge Price Performance

The company has a market cap of £36.94 million, a P/E ratio of 1,048.75 and a beta of 1.00. The company has a debt-to-equity ratio of 4.30, a quick ratio of 2.15 and a current ratio of 2.67. The business’s fifty day moving average is GBX 41.79 and its two-hundred day moving average is GBX 37.06.

M.T.I Wireless Edge Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.03 per share. This represents a dividend yield of 6.61%. The ex-dividend date was Thursday, March 21st. This is an increase from M.T.I Wireless Edge’s previous dividend of $0.03. M.T.I Wireless Edge’s payout ratio is currently 5,000.00%.

M.T.I Wireless Edge Company Profile

M.T.I Wireless Edge Ltd. engages in design, development, manufacture, and marketing of antennas for the civilian and military sectors. The company operates through three divisions: Antennas; Water Solutions; and Distribution & Consultation. It offers dual bands, directional, base station, and omni antennas; vehicular and train antennas; indoor antennas; and accessories, including mounting kit and integrated enclosure.