MTI Wireless Edge Ltd. (MWE)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 46.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 54.00
  • 52 Week Low: 31.00
  • Currency: UK Pounds
  • Shares Issued: 87.86m
  • Volume: 141,097
  • Market Cap: £40.41m
  • RiskGrade: 267

MTI Wireless Edge secures large order in Russia

By Josh White

Date: Monday 10 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Communication and radio frequency technology company MTI Wireless Edge announced on Monday that the St Petersburg office of its MTI Summit division has secured a "significant order" for delivery in 2020 from a Russian customer.

The AIM-traded firm said the contract was worth around $1.5m, and was for the supply of radio frequency components.

It explained that, operating under its distribution and professional consulting services division, MTI Summit represented 40 international suppliers of radio frequency and microwave components, and sells those products to customers.

Expert knowledge of both the international suppliers and customers further enabled MTI to act as a consultant to all parties, the board said, and assist with devising radio frequency and microwave solutions, as was the case with the new contract win.

"Since the acquisition of Summit by MTI in 2013, this division has traded under the MTI Summit brand and has been growing very satisfactorily," said chief executive officer Moni Borovitz.

"Customers are increasingly recognizing our ability to source radio frequency and microwave components and to be an active partner in helping to solve design challenges by offering suitable components for a particular solution."

Borovitz said the win was "particularly good news" for the St Petersburg office, as it was its largest order to date.

"In addition, there is an order book of further Russian orders which bodes well for this office and for the division as a whole in 2020."

At 1044 GMT, shares in MTI Wireless Edge were up 9.09% at 42p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MWE Market Data

Currency UK Pounds
Share Price 46.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 54.00
52 Week Low 31.00
Volume 141,097
Shares Issued 87.86m
Market Cap £40.41m
RiskGrade 267

MWE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.72% below the market average67.72% below the market average67.72% below the market average67.72% below the market average67.72% below the market average
73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average
Price Trend
6.17% below the market average6.17% below the market average6.17% below the market average6.17% below the market average6.17% below the market average
15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average
Income
51.83% above the market average51.83% above the market average51.83% above the market average51.83% above the market average51.83% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Growth
43.16% below the market average43.16% below the market average43.16% below the market average43.16% below the market average43.16% below the market average
68% below the sector average68% below the sector average68% below the sector average68% below the sector average68% below the sector average

MWE Dividends

  Latest Previous
  Final Final
Ex-Div 21-Mar-24 23-Mar-23
Paid 11-Apr-24 06-Apr-23
Amount 3.10¢ 3.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
12:31 30,409 @ 45.14p
14:27 1,000 @ 45.24p
13:12 15,000 @ 46.25p
14:03 4,641 @ 45.25p
13:55 150 @ 46.34p

MWE Key Personnel

CEO Moshe Borovitz

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