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MTI Wireless Edge's share buy-back 'a welcome development' for investors

Capital Network analyst Ed Stacey gives his take on two significant recent announcements from MTI Wireless Edge (LON:MWE).

Moni Borovitz has been nominated as the company's CEO, subject to the annual general meeting on 14 March, plus a share buy-back of up to £150k has been announced - commencing 28 January.

Stacey says there's been no change in the company's trading outlook since his last report in October and he continues to forecast revenue growth across all four business areas, driving +26% earnings per share (EPS) growth for 2019.

Quick facts: MTI Wireless Edge Limited

Price: 84.96 GBX

AIM:MWE
Market: AIM
Market Cap: £75.22 m
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