Alphawave IP Group (LON:AWE) Hits New 1-Year High – What’s Next?

Shares of Alphawave IP Group plc (LON:AWE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 207.40 and last traded at GBX 206.60, with a volume of 3428336 shares. The stock had previously closed at GBX 207.40.

Alphawave IP Group Stock Performance

The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51. The stock has a 50-day simple moving average of GBX 187.53 and a 200 day simple moving average of GBX 176.79. The company has a market capitalization of £1.64 billion, a PE ratio of -9.01, a P/E/G ratio of 0.44 and a beta of 0.89.

Insider Activity

In related news, insider Rahul Mathur bought 1,806 shares of the stock in a transaction on Wednesday, October 8th. The shares were purchased at an average price of GBX 147 per share, for a total transaction of £2,654.82. 42.11% of the stock is owned by corporate 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.