Alphawave IP Group (LON:AWE) Trading Down 13.8% – Should You Sell?

Alphawave IP Group plc (LON:AWE)’s stock price dropped 13.8% during trading on Saturday . The company traded as low as GBX 187.90 and last traded at GBX 188.50. Approximately 4,099,411 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 2,862,369 shares. The stock had previously closed at GBX 218.80.

Alphawave IP Group Stock Performance

The business’s 50 day simple moving average is GBX 191.99 and its two-hundred day simple moving average is GBX 181.28. 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 current ratio of 0.62, a quick ratio of 15.51 and a debt-to-equity ratio of 53.89.

Insiders Place Their Bets

In other news, insider Rahul Mathur bought 1,806 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were acquired at an average cost of GBX 147 per share, with a total value of £2,654.82. Corporate insiders own 42.12% of the company’s stock.

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.