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

Shares of Alphawave IP Group plc (LON:AWE - Get Free Report) shot up 9% during mid-day trading on Wednesday . The company traded as high as GBX 124.40 ($1.67) and last traded at GBX 121.23 ($1.63). 3,447,692 shares traded hands 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 ($1.49).

Alphawave IP Group Trading Up 0.5 %

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 stock has a 50-day simple moving average of GBX 116.55 and a 200 day simple moving average of GBX 118.56. The company has a market cap of £1.15 billion, a price-to-earnings ratio of -14.30, 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.

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