Alphawave IP Group plc (LON:AWE - Get Free Report)'s share price dropped 25.3% during trading on Tuesday . The stock traded as low as GBX 111 ($1.38) and last traded at GBX 124 ($1.54). Approximately 9,496,243 shares changed hands during trading, an increase of 481% from the average daily volume of 1,635,770 shares. The stock had previously closed at GBX 166 ($2.07).
Alphawave IP Group Stock Performance
The firm has a 50 day moving average price of GBX 166.76 and a 200 day moving average price of GBX 132.79. The company has a quick ratio of 15.51, a current ratio of 0.88 and a debt-to-equity ratio of 49.32. The stock has a market cap of £837.05 million, a PE ratio of -2,880.00, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84.
Insider Buying and Selling at Alphawave IP Group
In related news, insider Michelle Senecal de Fonseca bought 25,284 shares of the business's stock in a transaction on Friday, February 16th. The shares were bought at an average price of GBX 153 ($1.90) per share, for a total transaction of £38,684.52 ($48,157.00). 41.56% of the stock is owned by insiders.
Alphawave IP Group Company Profile
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Alphawave IP Group plc designs, develops, and sells connectivity solutions. The company offers connectivity, integrated products, and chiplet IP products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, and solid-state storage end markets in North America, the Asia Pacific, Europe, and the United Kingdom.
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