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

Shares of Alphawave IP Group plc (LON:AWE - Get Free Report) shot up 9% during 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 were traded during mid-day 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 Trading Down 4.0 %

The stock's 50 day simple moving average is GBX 115.87 and its two-hundred day simple moving average is GBX 119.26. 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 stock 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.