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

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

Alphawave IP Group Trading Down 25.3 %

The stock has a market cap of £901.00 million, a P/E ratio of -3,100.00, a PEG ratio of 0.44 and a beta of 0.84. The stock’s fifty day moving average price is GBX 166.99 and its 200 day moving average price is GBX 132.92. The company has a current ratio of 0.88, a quick ratio of 15.51 and a debt-to-equity ratio of 49.32.

Insiders Place Their Bets

In other Alphawave IP Group news, insider Michelle Senecal de Fonseca bought 15,413 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was acquired at an average price of GBX 130 ($1.62) per share, with a total value of £20,036.90 ($24,943.23). 41.56% of the stock is owned by insiders.

Alphawave IP Group Company Profile

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.