Alphawave IP Group (LON:AWE) Trading Up 23.3% - Here's What Happened

Alphawave IP Group plc (LON:AWE - Get Free Report) was up 23.3% during mid-day trading on Monday . The company traded as high as GBX 187.90 ($2.55) and last traded at GBX 184 ($2.49). Approximately 175,059,688 shares changed hands during trading, an increase of 3,618% from the average daily volume of 4,708,692 shares. The stock had previously closed at GBX 149.20 ($2.02).

Alphawave IP Group Stock Up 0.6%

The company has a market cap of £1.69 billion, a PE 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 firm has a fifty day simple moving average of GBX 133.69 and a 200 day simple moving average of GBX 124.60.

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.