Alphawave IP Group (LON:AWE) Shares Down 13.8% – What’s Next?

Shares of Alphawave IP Group plc (LON:AWE) fell 13.8% during trading on Friday . The stock traded as low as GBX 187.90 and last traded at GBX 188.50. 4,099,411 shares traded hands during trading, an increase of 43% from the average session volume of 2,862,369 shares. The stock had previously closed at GBX 218.80.

Alphawave IP Group Stock Performance

The firm has a market capitalization of £1.49 billion, a PE ratio of -8.20, a price-to-earnings-growth 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. The firm’s 50 day moving average price is GBX 191.99 and its 200-day moving average price is GBX 181.52.

Insider Buying and Selling

In other news, insider Rahul Mathur bought 1,806 shares of Alphawave IP Group stock in a transaction on Wednesday, October 8th. The stock was acquired at an average price of GBX 147 per share, with a total value of £2,654.82. Company insiders own 42.12% 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.