Alphawave IP Group (LON:AWE) Trading 14.9% Higher – Here’s Why

Alphawave IP Group plc (LON:AWE) was up 14.9% during trading on Tuesday . The company 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 company has a market capitalization 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 company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51. The company’s fifty day moving average is GBX 114.59 and its 200-day moving average is GBX 123.54.

Insider Buying and Selling

In other Alphawave IP Group news, insider John Lofton Holt purchased 415,416 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were acquired at an average price of GBX 23 ($0.28) per share, for a total transaction of £95,545.68 ($118,015.91). 43.96% of the stock is currently owned by company 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.