Alphawave IP Group (LON:AWE) Trading Up 9% - Still a Buy?

Alphawave IP Group plc (LON:AWE - Get Free Report) rose 9% on Tuesday . The company traded as high as GBX 124.40 ($1.65) and last traded at GBX 121.23 ($1.61). Approximately 3,447,692 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 3,500,029 shares. The stock had previously closed at GBX 111.20 ($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 firm has a fifty day moving average of GBX 115.87 and a two-hundred day moving average of GBX 118.92. The company has a market capitalization of £1.18 billion, a PE ratio of -14.67, a PEG 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.