Barclays Cuts Alphawave IP Group (LON:AWE) Price Target to GBX 130

Alphawave IP Group (LON:AWE – Get Rating) had its price target trimmed by Barclays from GBX 160 ($1.99) to GBX 130 ($1.62) in a research note published on Tuesday, Marketbeat Ratings reports. The firm currently has an overweight rating on the stock.

Alphawave IP Group Price Performance

Shares of LON AWE opened at GBX 113.20 ($1.41) on Tuesday. Alphawave IP Group has a 52 week low of GBX 1.01 ($0.01) and a 52 week high of GBX 184.80 ($2.30). The stock has a market cap of £793.24 million, a price-to-earnings ratio of 11,320.00, a PEG ratio of 0.44 and a beta of 0.28. The company’s 50-day moving average price is GBX 108.94 and its 200 day moving average price is GBX 104.42. The company has a current ratio of 2.09, a quick ratio of 15.51 and a debt-to-equity ratio of 47.31.

About Alphawave IP Group

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Alphawave IP Group plc designs, develops, and sells connectivity solutions. The company offers connectivity, integrated products, and chiplet IP products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, and solid-state storage end markets in North America, the Asia Pacific, Europe, and the United Kingdom.