Alphawave IP Group (LON:AWE) Trading 14.9% Higher – Here’s Why

Alphawave IP Group plc (LON:AWE) shot up 14.9% during mid-day trading on Tuesday . The stock traded as high as GBX 144.20 ($1.78) and last traded at GBX 143.20 ($1.77). 3,649,579 shares traded hands during trading, a decline of 33% from the average session volume of 5,461,295 shares. The stock had previously closed at GBX 124.60 ($1.54).

Alphawave IP Group Price Performance

The business has a fifty day moving average of GBX 114.59 and a 200-day moving average of GBX 123.54. The company has a debt-to-equity ratio of 53.89, a quick ratio of 15.51 and a current ratio of 0.62. The firm has a market capitalization of £1.12 billion, a P/E ratio of -1,684.44, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

Insider Activity

In related news, insider John Lofton Holt acquired 415,416 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of GBX 23 ($0.28) per share, for a total transaction of £95,545.68 ($118,015.91). Corporate insiders own 43.96% 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.