Could MTI Wireless Edge Limited See a Reversal After This Very Strong Session?

 Could MTI Wireless Edge Limited See a Reversal After This Very Strong Session?

The stock of MTI Wireless Edge Limited (LON:MWE) is a huge mover today! The stock increased 1.65% or GBX 0.38 on November 3, hitting GBX 23.12. About 68,500 shares traded hands or 293.77% up from the average. MTI Wireless Edge Limited (LON:MWE) has declined 2.08% since April 6, 2016 and is downtrending. It has underperformed by 3.30% the S&P500.
The move comes after 8 months positive chart setup for the GBX 12.33M company. It was reported on Nov, 3 by Barchart.com. We have GBX 48.78 PT which if reached, will make LON:MWE worth GBX 13.69M more.

More notable recent MTI Wireless Edge Limited (LON:MWE) news were published by: Prnewswire.com which released: “MTI Wireless Edge to Showcase 60GHz and 80GHz Bands Parabolic and Flat …” on February 15, 2016, also Businesswire.com with their article: “MTI Wireless Edge Announcing New MIMO Dual Band Antennas for 802.11ac Outdoor …” published on December 15, 2015, Businesswire.com published: “MTI Wireless Edge is Entering the Commercial Stage of Its New 60GHz ETSI …” on November 09, 2015. More interesting news about MTI Wireless Edge Limited (LON:MWE) were released by: Businesswire.com and their article: “MTI Wireless Edge Announcing a New Dual Band Multiple Polarity 802.11ac …” published on December 09, 2014 as well as Businesswire.com‘s news article titled: “MTI Wireless Edge Introduces High Performance Null Filled BTS Antennas …” with publication date: June 11, 2014.

M.T.I Wireless Edge Ltd. is engaged in the development, design, manufacture and marketing of antennas and accessories. The company has a market cap of 12.33 million GBP. The Company’s divisions are Antennas and Water Solutions. It has a 14.04 P/E ratio. The Company’s antenna solutions include smart antennas, multiple input multiple output antennas and dual polarity for wireless applications, such as, worldwide interoperability for microwave access (WiMAX), wireless fidelity (WiFi) and broadband wireless access.

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