Alphawave IP Group (LON:AWE) Shares Up 20.7% - Should You Buy?

Alphawave IP Group plc (LON:AWE - Get Free Report)'s share price shot up 20.7% during mid-day trading on Monday . The company traded as high as GBX 187.90 ($2.55) and last traded at GBX 180.05 ($2.44). 50,946,406 shares were traded during mid-day trading, an increase of 1,327% from the average session volume of 3,570,038 shares. The stock had previously closed at GBX 149.20 ($2.02).

Alphawave IP Group Stock Up 20.7%

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 has a market cap of £1.68 billion, a P/E ratio of -20.94, a PEG ratio of 0.44 and a beta of 0.89. The company's 50 day simple moving average is GBX 131.18 and its 200-day simple moving average is GBX 123.92.

About Alphawave IP Group

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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