Alphawave IP Group (LON:AWE) Trading 14.7% Higher - Here's What Happened

Shares of Alphawave IP Group plc (LON:AWE - Get Free Report) shot up 14.7% during trading on Tuesday . The stock traded as high as GBX 117.90 ($1.52) and last traded at GBX 107.20 ($1.38). 13,316,545 shares changed hands during trading, an increase of 269% from the average session volume of 3,604,178 shares. The stock had previously closed at GBX 93.50 ($1.21).

Alphawave IP Group Stock Performance

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 firm has a market capitalization of £899.50 million, a P/E ratio of -11.21, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The business's 50 day simple moving average is GBX 124.91 and its two-hundred day simple moving average is GBX 117.47.

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.