Alphawave IP Group (LON:AWE) Stock Price Up 15.7% – Here’s What Happened

Alphawave IP Group plc (LON:AWE) shares shot up 15.7% during mid-day trading on Tuesday . The stock traded as high as GBX 117.90 ($1.53) and last traded at GBX 108.20 ($1.40). 13,147,538 shares traded hands during mid-day trading, an increase of 265% from the average session volume of 3,601,538 shares. The stock had previously closed at GBX 93.50 ($1.21).

Alphawave IP Group Price Performance

The stock has a market capitalization of £1.32 billion, a PE ratio of -16.50, a P/E/G ratio of 0.44 and a beta of 0.89. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51. The stock’s fifty day moving average is GBX 126.31 and its 200-day moving average is GBX 117.58.

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.