Alphawave IP Group plc (LON:AWE - Get Free Report) shares were up 14.9% during trading on Wednesday . The stock traded as high as GBX 144.20 ($1.78) and last traded at GBX 143.20 ($1.77). Approximately 3,649,579 shares changed hands during trading, a decline of 33% from the average daily volume of 5,461,295 shares. The stock had previously closed at GBX 124.60 ($1.54).
Alphawave IP Group Price Performance
The company's fifty day moving average price is GBX 113.57 and its 200 day moving average price is GBX 123.54. The company has a market capitalization of £1.06 billion, a P/E ratio of -1,591.11, a PEG ratio of 0.44 and a beta of 0.89. The company has a quick ratio of 15.51, a current ratio of 0.62 and a debt-to-equity ratio of 53.89.
Insider Activity at Alphawave IP Group
In related news, insider John Lofton Holt bought 415,416 shares of the business's stock in a transaction on Monday, December 2nd. The shares were purchased at an average price of GBX 23 ($0.28) per share, for a total transaction of £95,545.68 ($117,797.66). 43.96% of the stock is currently owned by insiders.
Alphawave IP Group Company Profile
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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.
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