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

Alphawave IP Group plc (LON:AWE - Get Free Report) shares were up 24.1% during mid-day trading on Monday . The stock traded as high as GBX 187.90 ($2.56) and last traded at GBX 185.10 ($2.52). Approximately 185,355,906 shares changed hands during mid-day trading, an increase of 3,759% from the average daily volume of 4,803,153 shares. The stock had previously closed at GBX 149.20 ($2.03).

Alphawave IP Group Stock Performance

The stock has a market cap of £1.69 billion, a price-to-earnings ratio of -21.09, a P/E/G ratio of 0.44 and a beta of 0.89. The stock's 50-day moving average is GBX 133.69 and its 200 day moving average is GBX 124.60. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51.

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.