Alphawave IP Group (LON:AWE) Trading Up 4%

Alphawave IP Group plc (LON:AWE)’s share price shot up 4% during mid-day trading on Wednesday . The stock traded as high as GBX 125 ($1.57) and last traded at GBX 125 ($1.57). 2,503,478 shares traded hands during trading, an increase of 14% from the average session volume of 2,200,977 shares. The stock had previously closed at GBX 120.20 ($1.51).

Alphawave IP Group Trading Down 1.6 %

The business’s 50 day simple moving average is GBX 155.83 and its 200 day simple moving average is GBX 133.64. The company has a debt-to-equity ratio of 49.32, a current ratio of 0.88 and a quick ratio of 15.51. The company has a market capitalization of £893.73 million, a price-to-earnings ratio of -3,125.00, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84.

Insider Buying and Selling

In related news, insider Michelle Senecal de Fonseca acquired 25,284 shares of Alphawave IP Group stock in a transaction on Friday, February 16th. The stock was purchased at an average cost of GBX 153 ($1.92) per share, with a total value of £38,684.52 ($48,598.64). Corporate 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.