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MTI Wireless Edge ( (GB:MWE) ) just unveiled an update.
MTI Wireless Edge Ltd announced significant share transactions involving its substantial shareholders and its own share repurchase activity. Mokirey Aya Ltd, associated with MTI’s Chairman and CEO, acquired 350,000 shares, while the Beer Family purchased 450,000 shares, increasing their stakes to 31.35% and 11.19% respectively. Additionally, MTI repurchased 100,000 shares under its Share Repurchase Programme, impacting the company’s voting rights structure. These transactions indicate strong confidence in the company by major stakeholders and are poised to influence MTI’s market positioning and shareholder dynamics.
More about MTI Wireless Edge
MTI Wireless Edge Ltd, headquartered in Israel, is a technology group specializing in comprehensive communication and radio frequency solutions across various sectors. The company operates through three core divisions: Antenna, Water Control & Management, and Distribution & Professional Consulting Services. They offer innovative antenna solutions for commercial, RFID, and military applications, provide remote control and monitoring solutions for water and irrigation, and offer consulting and engineering services in RF and microwave solutions for the government and defense markets.
YTD Price Performance: 31.18%
Average Trading Volume: 50,097
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £37.11M
See more insights into MWE stock on TipRanks’ Stock Analysis page.
