Alphawave IP Group (LON:AWE) Trading Down 0.8% – Time to Sell?

Alphawave IP Group plc (LON:AWE)’s stock price fell 0.8% on Monday . The stock traded as low as GBX 139.76 ($1.76) and last traded at GBX 141.40 ($1.78). 550,225 shares were traded during 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 Stock Performance

The stock has a market capitalization of £1.37 billion, a P/E ratio of -17.07, a PEG ratio of 0.44 and a beta of 0.89. The company has a quick ratio of 15.51, a current ratio of 0.62 and a debt-to-equity ratio of 53.89. The firm has a 50-day moving average of GBX 118.75 and a 200 day moving average of GBX 122.55.

Insider Transactions at Alphawave IP Group

In other Alphawave IP Group news, insider John Lofton Holt acquired 415,416 shares of Alphawave IP Group stock in a transaction on Monday, December 2nd. The shares were bought 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 insiders.

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.