Alphawave IP Group (LON:AWE) Shares Down 11.2% – Should You Sell?

Alphawave IP Group plc (LON:AWE) shares were down 11.2% on Monday . The company traded as low as GBX 134.21 ($1.67) and last traded at GBX 135 ($1.68). Approximately 7,315,232 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 5,078,629 shares. The stock had previously closed at GBX 152 ($1.89).

Alphawave IP Group Stock Up 0.5 %

The stock’s 50 day simple moving average is GBX 116.17 and its two-hundred day simple moving average is GBX 123.50. The firm has a market cap of £1.03 billion, a P/E ratio of -1,546.99, a P/E/G ratio of 0.44 and a beta of 0.89. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51.

Insider Activity at Alphawave IP Group

In other news, insider John Lofton Holt acquired 415,416 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average cost of GBX 23 ($0.29) per share, with a total value of £95,545.68 ($118,882.27). 43.96% of the stock is owned by corporate 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.