Alphawave IP Group (LON:AWE) Shares Up 9% - Should You Buy?

Alphawave IP Group plc (LON:AWE - Get Free Report) was up 9% during trading 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 were traded 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 Stock Performance

The company has a market capitalization of £1.18 billion, a price-to-earnings ratio of -14.67, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The stock has a 50 day moving average of GBX 115.87 and a 200 day moving average of GBX 119.26. The company has a quick ratio of 15.51, a current ratio of 0.62 and a debt-to-equity ratio of 53.89.

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.