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

Alphawave IP Group plc (LON:AWEGet Free Report) shares were up 43.2% during trading on Tuesday . The stock traded as high as GBX 143 ($1.87) and last traded at GBX 133.89 ($1.75). 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 ($1.23).

Alphawave IP Group Trading Down 0.6 %

The company has a market cap of £1.28 billion, a price-to-earnings ratio of -15.91, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The company’s 50 day moving average price is GBX 126.31 and its 200 day moving average price is GBX 117.58. The company has a debt-to-equity ratio of 53.89, a quick ratio of 15.51 and a current ratio of 0.62.

Alphawave IP Group Company Profile

(Get Free Report)

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.

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