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

Alphawave IP Group plc (LON:AWE)’s share price traded up 43.2% on Tuesday . The company traded as high as GBX 143 ($1.85) and last traded at GBX 133.89 ($1.73). 25,301,645 shares traded hands during mid-day trading, an increase of 567% from the average session volume of 3,791,446 shares. The stock had previously closed at GBX 93.50 ($1.21).

Alphawave IP Group Trading 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 debt-to-equity ratio of 53.89, a quick ratio of 15.51 and a current ratio of 0.62. The stock’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.