Alphawave IP Group (LON:AWE) Stock Price Up 4%

Alphawave IP Group plc (LON:AWE) shares were up 4% during trading on Wednesday . The company traded as high as GBX 125 ($1.57) and last traded at GBX 125 ($1.57). Approximately 2,503,478 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 2,200,977 shares. The stock had previously closed at GBX 120.20 ($1.51).

Alphawave IP Group Price Performance

The company has a quick ratio of 15.51, a current ratio of 0.88 and a debt-to-equity ratio of 49.32. The firm has a market capitalization of £893.73 million, a P/E ratio of -3,125.00, a PEG ratio of 0.44 and a beta of 0.84. The business’s 50-day simple moving average is GBX 155.83 and its 200 day simple moving average is GBX 133.64.

Insiders Place Their Bets

In other news, insider Michelle Senecal de Fonseca bought 25,284 shares of Alphawave IP Group stock in a transaction on Friday, February 16th. The shares were purchased at an average price of GBX 153 ($1.92) per share, for a total transaction of £38,684.52 ($48,598.64). Company insiders own 41.56% of the company’s stock.

About Alphawave IP Group

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.