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Alphawave IP Group (LON:AWE) Trading Up 9% - Here's What Happened

Alphawave IP Group logo with Computer and Technology background

Alphawave IP Group plc (LON:AWE - Get Free Report) shares traded up 9% during mid-day trading on Wednesday . The stock traded as high as GBX 124.40 ($1.65) and last traded at GBX 121.23 ($1.61). 3,447,692 shares traded hands during trading, a decline of 1% from the average session volume of 3,500,029 shares. The stock had previously closed at GBX 111.20 ($1.48).

Alphawave IP Group Stock Down 4.0 %

The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51. The firm has a 50-day moving average of GBX 115.87 and a 200 day moving average of GBX 119.09. The stock has a market capitalization of £1.18 billion, a price-to-earnings ratio of -14.67, a PEG ratio of 0.44 and a beta of 0.89.

About Alphawave IP Group

(Get Free Report)

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.

Further Reading

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