Alphawave IP Group (LON:AWE) Shares Down 13.8% – Time to Sell?

Alphawave IP Group plc (LON:AWE)’s share price dropped 13.8% on Saturday . The stock traded as low as GBX 187.90 and last traded at GBX 188.50. Approximately 4,099,411 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 2,862,369 shares. The stock had previously closed at GBX 218.80.

Alphawave IP Group Price Performance

The company’s 50-day moving average price is GBX 191.99 and its 200-day moving average price is GBX 181.78. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51. The company has a market cap of £1.49 billion, a P/E ratio of -8.20, a P/E/G ratio of 0.44 and a beta of 0.89.

Insiders Place Their Bets

In other news, insider Rahul Mathur bought 1,806 shares of the stock in a transaction on Wednesday, October 8th. The stock was purchased at an average price of GBX 147 per share, for a total transaction of £2,654.82. Insiders own 42.12% of the company’s stock.

About Alphawave IP Group

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.