Alphawave IP Group (LON:AWE) Shares Up 43.2% – Here’s What Happened

Alphawave IP Group plc (LON:AWE)’s stock price traded up 43.2% during mid-day trading on Tuesday . The company traded as high as GBX 143 ($1.85) and last traded at GBX 133.89 ($1.73). 25,336,668 shares changed hands during mid-day trading, an increase of 568% from the average session volume of 3,791,993 shares. The stock had previously closed at GBX 93.50 ($1.21).

Alphawave IP Group Stock Up 43.2 %

The stock has a market cap of £1.25 billion, a P/E ratio of -15.57, a P/E/G ratio of 0.44 and a beta of 0.89. 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’s fifty day moving average is GBX 126.67 and its 200 day moving average is GBX 117.49.

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.