Alphawave IP Group (LON:AWE) Trading Down 0.7% - Here's What Happened

Alphawave IP Group plc (LON:AWE - Get Free Report)'s share price was down 0.7% during mid-day trading on Tuesday . The stock traded as low as GBX 171.10 ($2.35) and last traded at GBX 173 ($2.38). Approximately 2,373,831 shares were traded during trading, a decline of 34% from the average daily volume of 3,570,581 shares. The stock had previously closed at GBX 174.20 ($2.39).

Alphawave IP Group Price Performance

The company has a market capitalization of £1.62 billion, a price-to-earnings ratio of -20.23, a PEG 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. The company's 50 day simple moving average is GBX 148.89 and its 200-day simple moving average is GBX 129.11.

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.