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Alphawave IP Group (LON:AWE) Trading Down 3.1% - Here's What Happened

Alphawave IP Group logo with Computer and Technology background

Alphawave IP Group plc (LON:AWE - Get Free Report)'s share price traded down 3.1% during mid-day trading on Tuesday . The stock traded as low as GBX 122.20 ($1.57) and last traded at GBX 124.80 ($1.61). 1,911,458 shares changed hands during trading, an increase of 11% from the average session volume of 1,716,480 shares. The stock had previously closed at GBX 128.80 ($1.66).

Alphawave IP Group Stock Down 2.2 %

The stock has a market capitalization of £903.52 million, a price-to-earnings ratio of -1,348.89, a price-to-earnings-growth 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. The stock has a 50 day moving average price of GBX 114.63 and a 200 day moving average price of GBX 130.75.

About Alphawave IP Group

(Get Free Report)

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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