Alphawave IP Group (LON:AWE) Trading Down 13.8% – Should You Sell?

by · The Markets Daily

Shares of Alphawave IP Group plc (LON:AWE – Get Free Report) were down 13.8% during mid-day trading on Saturday . The company traded as low as GBX 187.90 and last traded at GBX 188.50. Approximately 4,099,411 shares changed hands during trading, an increase of 43% from the average daily volume of 2,862,369 shares. The stock had previously closed at GBX 218.80.

Alphawave IP Group Stock Performance

The company has a current ratio of 0.62, a quick ratio of 15.51 and a debt-to-equity ratio of 53.89. The firm has a market capitalization of £1.49 billion, a price-to-earnings ratio of -8.20, a PEG ratio of 0.44 and a beta of 0.89. The stock’s 50-day moving average is GBX 191.99 and its 200-day moving average is GBX 181.28.

Insider Activity at Alphawave IP Group

In other news, insider Rahul Mathur purchased 1,806 shares of the company’s stock in a transaction dated Wednesday, October 8th. The stock was bought at an average cost of GBX 147 per share, for a total transaction of £2,654.82. Insiders own 42.12% of the company’s stock.

About Alphawave IP Group

(Get Free Report)

Faced with the exponential growth of data, Alphawave IP’s technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. Alphawave IP is a global leader in high-speed connectivity for the world’s technology infrastructure. Our IP solutions therefore meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage.

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