Alphawave IP Group (LON:AWE) Stock Price Down 13.8% – Here’s Why

by · The Markets Daily

Shares of Alphawave IP Group plc (LON:AWE – Get Free Report) dropped 13.8% during mid-day trading on Saturday . The stock traded as low as GBX 187.90 and last traded at GBX 188.50. Approximately 4,099,411 shares changed hands during mid-day 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 Price Performance

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

Insider Activity

In other news, insider Rahul Mathur bought 1,806 shares of the stock in a transaction that occurred on Wednesday, October 8th. The shares were acquired at an average cost of GBX 147 per share, for a total transaction of £2,654.82. Company 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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