Alphawave IP Group (LON:AWE) Trading Down 13.8% – Here’s What Happened

Alphawave IP Group plc (LON:AWE)’s stock price was down 13.8% during trading on Saturday . The company traded as low as GBX 187.90 and last traded at GBX 188.50. Approximately 4,099,411 shares were traded during 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 Trading Down 13.8%

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 price-to-earnings ratio of -8.20, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The business’s fifty day moving average price is GBX 191.99 and its 200 day moving average price is GBX 181.78.

Insider Buying and Selling

In related news, insider Rahul Mathur bought 1,806 shares of the business’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. 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.