Alphawave IP Group (LON:AWE) Trading Up 4.2% - Here's What Happened

Alphawave IP Group plc (LON:AWE - Get Free Report) was up 4.2% during trading on Wednesday . The company traded as high as GBX 118.70 ($1.59) and last traded at GBX 115.30 ($1.55). Approximately 804,456 shares traded hands during trading, a decline of 77% from the average daily volume of 3,551,257 shares. The stock had previously closed at GBX 110.70 ($1.48).

Alphawave IP Group Price Performance

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 business has a 50-day moving average price of GBX 116.55 and a 200 day moving average price of GBX 118.56. The stock has a market cap of £1.13 billion, a PE ratio of -14.10, a PEG ratio of 0.44 and a beta of 0.89.

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.