Alphawave IP Group (LON:AWE) Stock Price Down 2.2% – Should You Sell?

Alphawave IP Group plc (LON:AWE)’s stock price dropped 2.2% on Tuesday . The stock traded as low as GBX 171.50 ($2.28) and last traded at GBX 172.68 ($2.30). Approximately 12,334,415 shares changed hands during mid-day trading, an increase of 315% from the average daily volume of 2,968,671 shares. The stock had previously closed at GBX 176.50 ($2.35).

Alphawave IP Group Trading Down 2.2%

The company has a market capitalization of £1.36 billion, a PE ratio of -751.12, a PEG ratio of 0.44 and a beta of 0.89. The company has a current ratio of 0.62, a quick ratio of 15.51 and a debt-to-equity ratio of 53.89. The stock has a fifty day moving average of GBX 182.43 and a two-hundred day moving average of GBX 161.29.

Insider Buying and Selling at Alphawave IP Group

In other Alphawave IP Group news, insider Rahul Mathur acquired 1,806 shares of the business’s stock in a transaction dated Wednesday, October 8th. The shares were purchased at an average cost of GBX 147 per share, for a total transaction of £2,654.82. Corporate insiders own 42.22% of the company’s stock.

Alphawave IP Group Company Profile

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.