We’ve had a great run from Israeli antenna group MTI Wireless Edge with prices broadly trending higher since our entry back in April last year.

However, the shares current forward price to earnings (PE) ratio of 31.1 is one of the highest in its peer group, and whilst trading updates have been strong, the shares have recently rallied into resistance.  

Although the stocks long-term investment story relating to the global 5G rollout and smart farming remains compelling, we believe MTI’s current valuation tips the balance in favour of crystalising our profit with a view to re-entering at some point in the future.

Gross Profit = +108%