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

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

Alphawave IP Group Price Performance

The stock has a market cap of £1.25 billion, a P/E ratio of -15.57, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The company has a quick ratio of 15.51, a current ratio of 0.62 and a debt-to-equity ratio of 53.89. The business’s 50-day simple moving average is GBX 126.67 and its two-hundred day simple 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.