Alphawave IP Group (LON:AWE) Stock Price Down 13.8% – Should You Sell?

Alphawave IP Group plc (LON:AWE) traded down 13.8% during mid-day trading on Saturday . The company traded as low as GBX 187.90 and last traded at GBX 188.50. 4,099,411 shares changed hands during trading, an increase of 43% from the average session 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 simple moving average is GBX 191.99 and its 200 day simple moving average is GBX 181.78. 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 market capitalization of £1.49 billion, a PE ratio of -8.20, a PEG ratio of 0.44 and a beta of 0.89.

Insiders Place Their Bets

In other Alphawave IP Group news, insider Rahul Mathur purchased 1,806 shares of the firm’s stock in a transaction on Wednesday, October 8th. The shares were purchased at an average cost of GBX 147 per share, with a total value of £2,654.82. Company insiders own 42.12% 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.