Alphawave IP Group (OTCMKTS:AWEVF) Stock Price Down 12.7% – Here’s Why

Shares of Alphawave IP Group plc (OTCMKTS:AWEVFGet Free Report) were down 12.7% during trading on Tuesday . The company traded as low as $2.3125 and last traded at $2.3125. Approximately 1,000 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 84,454 shares. The stock had previously closed at $2.65.

Alphawave IP Group Trading Down 12.7%

The stock’s 50-day moving average is $2.51 and its two-hundred day moving average is $2.43.

Alphawave IP Group Company Profile

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Alphawave IP Group is a global semiconductor intellectual property (IP) provider specializing in high-speed connectivity solutions for the data center, cloud computing, artificial intelligence and telecommunications markets. The company develops and licenses digital and mixed-signal IP cores, including serial transceivers (SerDes), memory interfaces and high-performance physical layer solutions, enabling chipmakers to integrate advanced connectivity features into custom and standard semiconductor designs.

The company’s product portfolio encompasses multi-protocol SerDes IP supporting data rates from 3.2 Gbps to over 112 Gbps per lane, as well as DSP-enhanced physical layer IP that addresses signal integrity challenges across various process nodes.

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