Alphawave IP Group (LON:AWE) Shares Down 13.8%

Alphawave IP Group plc (LON:AWE)’s share price fell 13.8% during mid-day trading on Tuesday . The stock traded as low as GBX 70.60 ($0.94) and last traded at GBX 107.80 ($1.44). 9,989,967 shares changed hands during trading, an increase of 477% from the average session volume of 1,731,500 shares. The stock had previously closed at GBX 125 ($1.67).

Alphawave IP Group Stock Up 4.1 %

The stock has a 50 day moving average price of GBX 139.75 and a 200 day moving average price of GBX 143.18. The company has a debt-to-equity ratio of 50.60, a quick ratio of 15.51 and a current ratio of 2.20. The company has a market capitalization of £830.01 million, a P/E ratio of -1,796.67, a PEG ratio of 0.44 and a beta of 0.91.

About Alphawave IP Group

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.