Alphawave IP Group plc (LON:AWE - Get Free Report) traded down 15.4% during trading on Wednesday . The company traded as low as GBX 115.80 ($1.48) and last traded at GBX 116.77 ($1.49). 83,731,055 shares changed hands during trading, an increase of 4,126% from the average session volume of 1,981,453 shares. The stock had previously closed at GBX 138 ($1.76).
Alphawave IP Group Price Performance
The stock has a fifty day moving average of GBX 116.16 and a two-hundred day moving average of GBX 131.60. 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 stock has a market capitalization of £860.83 million, a price-to-earnings ratio of -1,220.00, a PEG ratio of 0.44 and a beta of 0.89.
Insider Activity at Alphawave IP Group
In other Alphawave IP Group news, insider John Lofton Holt purchased 415,416 shares of the stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of GBX 23 ($0.29) per share, for a total transaction of £95,545.68 ($122,071.90). 43.96% of the stock is currently owned by company insiders.
About Alphawave IP Group
(
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Alphawave IP Group plc develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the United Kingdom. The company offers silicon IP solutions, chiplets, custom silicon, and connectivity products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.
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