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

M.T.I Wireless Edge Ltd. (LON:MWE) announced a dividend on Monday, March 17th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of $0.03 per share on Friday, April 11th. This represents a yield of 4.39%. The ex-dividend date 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 viewed at this link.

M.T.I Wireless Edge Stock Down 3.1 %

MWE stock traded down GBX 1.85 ($0.02) during trading on Tuesday, reaching GBX 57.65 ($0.75). 526,368 shares of the company traded hands, compared to its average volume of 208,862. M.T.I Wireless Edge has a 12 month low of GBX 34.50 ($0.45) and a 12 month high of GBX 70.90 ($0.92). The business has a 50 day simple moving average of GBX 53.87 and a 200 day simple moving average of GBX 48.32. The company has a market capitalization of £62.19 million, a price-to-earnings ratio of 14.69 and a beta of 1.03. The company has a debt-to-equity ratio of 3.04, a quick ratio of 2.15 and a current ratio of 2.94.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed 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.