Alphawave IP Group (LON:AWE) Trading Down 0.8% - Here's Why

Alphawave IP Group plc (LON:AWE - Get Free Report) was down 0.8% during trading on Monday . The stock traded as low as GBX 139.76 ($1.77) and last traded at GBX 141.40 ($1.79). Approximately 550,225 shares were traded during trading, a decline of 82% from the average daily volume of 3,106,372 shares. The stock had previously closed at GBX 142.60 ($1.81).

Alphawave IP Group Price Performance

The company has a quick ratio of 15.51, a current ratio of 0.62 and a debt-to-equity ratio of 53.89. The firm's 50 day simple moving average is GBX 120.03 and its 200 day simple moving average is GBX 122.60. The company has a market capitalization of £1.36 billion, a PE ratio of -16.95, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

Insiders Place Their Bets

In other Alphawave IP Group news, insider John Lofton Holt bought 415,416 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was acquired at an average cost of GBX 23 ($0.29) per share, for a total transaction of £95,545.68 ($121,066.50). 43.96% of the stock is owned by insiders.

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.