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

Alphawave IP Group plc (LON:AWE) shares shot up 14.9% during mid-day trading on Tuesday . The stock traded as high as GBX 144.20 ($1.78) and last traded at GBX 143.20 ($1.77). 3,649,579 shares were traded during mid-day trading, a decline of 33% from the average session volume of 5,461,295 shares. The stock had previously closed at GBX 124.60 ($1.54).

Alphawave IP Group Stock Up 3.7 %

The stock has a market capitalization of £1.12 billion, a P/E ratio of -1,684.44, a P/E/G ratio of 0.44 and a beta of 0.89. The company has a current ratio of 0.62, a quick ratio of 15.51 and a debt-to-equity ratio of 53.89. The stock’s 50 day simple moving average is GBX 114.59 and its 200 day simple moving average is GBX 123.54.

Insider Activity

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

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.