Alphawave IP Group (LON:AWE) Shares Up 24.1% - Here's What Happened

Alphawave IP Group plc (LON:AWE - Get Free Report) traded up 24.1% during trading on Monday . The stock traded as high as GBX 187.90 ($2.54) and last traded at GBX 185.10 ($2.51). 185,355,906 shares traded hands during trading, an increase of 3,759% from the average session volume of 4,803,153 shares. The stock had previously closed at GBX 149.20 ($2.02).

Alphawave IP Group Stock Performance

The firm's 50 day moving average is GBX 130.33 and its 200 day moving average is GBX 123.55. 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 has a market cap of £1.73 billion, a P/E ratio of -21.58, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

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.

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