Alphawave IP Group (LON:AWE) Trading Up 14.9% – Here’s What Happened

Alphawave IP Group plc (LON:AWE) shares rose 14.9% during trading on Tuesday . 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 Trading Up 3.7 %

The stock has a market cap of £1.12 billion, a PE ratio of -1,684.44, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The stock has a 50-day moving average price of GBX 114.59 and a two-hundred day moving average price of GBX 123.54. 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

In related news, insider John Lofton Holt bought 415,416 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were purchased at an average price of GBX 23 ($0.28) per share, with a total value of £95,545.68 ($118,015.91). Corporate insiders own 43.96% of the company’s stock.

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.