Alphawave IP Group (LON:AWE) Shares Up 2.4%

Alphawave IP Group plc (LON:AWE – Get Rating) shot up 2.4% on Tuesday . The stock traded as high as GBX 124.60 ($1.52) and last traded at GBX 120 ($1.46). 838,539 shares traded hands during trading, an increase of 55% from the average session volume of 541,422 shares. The stock had previously closed at GBX 117.20 ($1.43).

Alphawave IP Group Stock Up 2.4 %

The company has a market cap of £833.26 million and a price-to-earnings ratio of 4,000.00. The business has a 50-day simple moving average of GBX 105.23 and a two-hundred day simple moving average of GBX 123.29. The company has a quick ratio of 15.51, a current ratio of 15.51 and a debt-to-equity ratio of 1.44.

Insider Activity at Alphawave IP Group

In related news, insider Sehat Sutardja bought 1,829,871 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was purchased at an average price of GBX 111 ($1.35) per share, with a total value of £2,031,156.81 ($2,474,606.25).

About Alphawave IP Group

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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.