Alphawave IP Group (LON:AWE) Shares Down 3.1% – Here’s Why

Alphawave IP Group plc (LON:AWE) traded down 3.1% on Tuesday . The stock traded as low as GBX 122.20 ($1.57) and last traded at GBX 124.80 ($1.61). 1,911,458 shares were traded during mid-day trading, an increase of 11% from the average session volume of 1,716,480 shares. The stock had previously closed at GBX 128.80 ($1.66).

Alphawave IP Group Trading Up 2.0 %

The stock has a market capitalization of £921.29 million, a P/E ratio of -1,382.22, a PEG ratio of 0.44 and a beta of 0.89. The stock’s fifty day moving average price is GBX 114.16 and its 200 day moving average price is GBX 130.73. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51.

Alphawave IP Group Company Profile

Alphawave IP Group plc develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the United Kingdom. The company offers silicon IP solutions, chiplets, custom silicon, and connectivity products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.