Alphawave IP Group (LON:AWE) Trading 43.2% Higher - Here's Why

Alphawave IP Group plc (LON:AWE - Get Free Report) was up 43.2% on Tuesday . The stock traded as high as GBX 143 ($1.84) and last traded at GBX 133.89 ($1.73). Approximately 25,301,645 shares changed hands during trading, an increase of 567% from the average daily volume of 3,791,446 shares. The stock had previously closed at GBX 93.50 ($1.21).

Alphawave IP Group Stock Performance

The firm has a market capitalization of £899.50 million, a PE ratio of -11.21, a P/E/G ratio of 0.44 and a beta of 0.89. The business has a 50-day simple moving average of GBX 124.91 and a 200-day simple moving average of GBX 117.47. 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

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.