Alphawave IP Group (LON:AWE) Trading Down 0.8% – What’s Next?

Alphawave IP Group plc (LON:AWE)’s stock price traded down 0.8% during trading on Monday . The company traded as low as GBX 139.76 ($1.76) and last traded at GBX 141.40 ($1.78). 550,225 shares were traded during mid-day trading, a decline of 82% from the average session volume of 3,106,372 shares. The stock had previously closed at GBX 142.60 ($1.79).

Alphawave IP Group Price Performance

The stock’s 50-day moving average is GBX 118.75 and its two-hundred day moving average is GBX 122.55. The stock has a market cap of £1.37 billion, a PE ratio of -17.07, a PEG ratio of 0.44 and a beta of 0.89. The company has a debt-to-equity ratio of 53.89, a quick ratio of 15.51 and a current ratio of 0.62.

Insiders Place Their Bets

In other Alphawave IP Group news, insider John Lofton Holt bought 415,416 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of GBX 23 ($0.29) per share, with a total value of £95,545.68 ($120,228.61). 43.96% of the stock is currently owned by company insiders.

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.