Alphawave IP Group (LON:AWE) Stock Price Down 14.1% – Should You Sell?

Alphawave IP Group plc (LON:AWE)’s stock price was down 14.1% during mid-day trading on Friday . The stock traded as low as GBX 186.85 and last traded at GBX 187.90. Approximately 467,545 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 2,847,361 shares. The stock had previously closed at GBX 218.80.

Alphawave IP Group Price Performance

The stock has a fifty day moving average of GBX 191.97 and a 200 day moving average of GBX 180.93. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51. The stock has a market cap of £1.49 billion, a price-to-earnings ratio of -8.20, a P/E/G ratio of 0.44 and a beta of 0.89.

Insiders Place Their Bets

In related news, insider Rahul Mathur acquired 1,806 shares of Alphawave IP Group stock in a transaction on Wednesday, October 8th. The stock was acquired at an average price of GBX 147 per share, for a total transaction of £2,654.82. Corporate insiders own 42.12% 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.