Alphawave IP Group (LON:AWE) Trading Down 15.4% – Here’s What Happened

Alphawave IP Group plc (LON:AWEGet Free Report) shares traded down 15.4% during mid-day trading on Wednesday . The company traded as low as GBX 115.80 ($1.47) and last traded at GBX 116.77 ($1.48). 83,731,055 shares changed hands during mid-day trading, an increase of 4,126% from the average session volume of 1,981,453 shares. The stock had previously closed at GBX 138 ($1.75).

Alphawave IP Group Trading Up 1.6 %

The company has a 50-day simple moving average of GBX 116.51 and a 200 day simple moving average of GBX 131.29. The company has a market capitalization of £844.27 million, a P/E ratio of -1,246.67, a P/E/G 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.

Insider Buying and Selling at Alphawave IP Group

In other news, insider John Lofton Holt bought 415,416 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average cost of GBX 23 ($0.29) per share, for a total transaction of £95,545.68 ($121,112.54). Insiders own 43.96% of the company’s stock.

Alphawave IP Group Company Profile

(Get Free Report)

Alphawave IP Group plc develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the United Kingdom. The company offers silicon IP solutions, chiplets, custom silicon, and connectivity products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.

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