Alphawave IP Group (LON:AWE) Trading Down 25.3%

Alphawave IP Group plc (LON:AWE)’s stock price dropped 25.3% during trading on Tuesday . The company traded as low as GBX 111 ($1.38) and last traded at GBX 124 ($1.54). Approximately 9,496,243 shares were traded during trading, an increase of 481% from the average daily volume of 1,635,770 shares. The stock had previously closed at GBX 166 ($2.07).

Alphawave IP Group Trading Down 25.3 %

The company has a quick ratio of 15.51, a current ratio of 0.88 and a debt-to-equity ratio of 49.32. The business’s fifty day moving average is GBX 166.99 and its 200 day moving average is GBX 132.92. The firm has a market capitalization of £901.00 million, a price-to-earnings ratio of -3,100.00, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84.

Insider Buying and Selling at Alphawave IP Group

In other Alphawave IP Group news, insider Michelle Senecal de Fonseca purchased 25,284 shares of the stock in a transaction on Friday, February 16th. The shares were purchased at an average cost of GBX 153 ($1.90) per share, for a total transaction of £38,684.52 ($48,157.00). Company insiders own 41.56% of the company’s stock.

About Alphawave IP Group

Alphawave IP Group plc designs, develops, and sells connectivity solutions. The company offers connectivity, integrated products, and chiplet IP products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, and solid-state storage end markets in North America, the Asia Pacific, Europe, and the United Kingdom.