Alphawave IP Group (LON:AWE) Trading Up 20.7% - Here's What Happened

Shares of Alphawave IP Group plc (LON:AWE - Get Free Report) were up 20.7% during mid-day trading on Monday . The company traded as high as GBX 187.90 ($2.56) and last traded at GBX 180.05 ($2.45). Approximately 45,451,918 shares traded hands during mid-day trading, an increase of 1,191% from the average daily volume of 3,519,630 shares. The stock had previously closed at GBX 149.20 ($2.03).

Alphawave IP Group Trading Up 0.6%

The company has a market cap of £1.69 billion, a price-to-earnings ratio of -21.09, a PEG ratio of 0.44 and a beta of 0.89. 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 business's 50 day moving average price is GBX 134.83 and its 200-day moving average price is GBX 124.99.

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.