Alphawave IP Group plc (LON:AWE – Get Rating)’s stock price rose 3.9% during trading on Friday . The company traded as high as GBX 111.80 ($1.36) and last traded at GBX 107 ($1.30). Approximately 825,054 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 1,008,427 shares. The stock had previously closed at GBX 103 ($1.26).
Alphawave IP Group Price Performance
The company has a quick ratio of 15.51, a current ratio of 15.51 and a debt-to-equity ratio of 1.43. The business’s 50 day simple moving average is GBX 100.03 and its two-hundred day simple moving average is GBX 111.94. The stock has a market capitalization of £748.86 million and a P/E ratio of 3,566.67.
Insider Transactions at Alphawave IP Group
In other news, insider Sehat Sutardja acquired 155,485 shares of Alphawave IP Group stock in a transaction that occurred on Friday, January 27th. The stock was bought at an average price of GBX 96 ($1.17) per share, with a total value of £149,265.60 ($181,920.29). In other Alphawave IP Group news, insider Rosalind Singleton acquired 20,752 shares of the stock in a transaction dated Monday, February 13th. The stock was purchased at an average cost of GBX 96 ($1.17) per share, for a total transaction of £19,921.92 ($24,280.22). Also, insider Sehat Sutardja acquired 155,485 shares of the stock in a transaction dated Friday, January 27th. The stock was acquired at an average price of GBX 96 ($1.17) per share, with a total value of £149,265.60 ($181,920.29). Insiders acquired 2,234,538 shares of company stock worth $207,588,551 over the last quarter. Corporate insiders own 50.28% 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.
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