Alphawave IP Group (LON:AWE) Stock Price Down 13.8% – Time to Sell?

Alphawave IP Group plc (LON:AWE) was down 13.8% during trading on Saturday . The company traded as low as GBX 187.90 and last traded at GBX 188.50. Approximately 4,099,411 shares were traded during trading, an increase of 43% from the average daily volume of 2,862,369 shares. The stock had previously closed at GBX 218.80.

Alphawave IP Group Stock Performance

The firm’s fifty day moving average price is GBX 191.99 and its 200 day moving average price is GBX 181.28. The firm has a market cap of £1.49 billion, a P/E ratio of -8.20, 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 quick ratio of 15.51 and a current ratio of 0.62.

Insider Buying and Selling

In related news, insider Rahul Mathur bought 1,806 shares of the stock in a transaction on Wednesday, October 8th. The stock was bought at an average price of GBX 147 per share, for a total transaction of £2,654.82. 42.12% of the stock is owned by company insiders.

About Alphawave IP Group

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.