Alphawave IP Group (LON:AWE) Shares Up 23.7% - Here's What Happened

Alphawave IP Group plc (LON:AWE - Get Free Report)'s stock price traded up 23.7% during mid-day trading on Monday . The company traded as high as GBX 187.90 ($2.56) and last traded at GBX 184.50 ($2.51). 187,074,516 shares were traded during mid-day trading, an increase of 3,782% from the average session volume of 4,818,920 shares. The stock had previously closed at GBX 149.20 ($2.03).

Alphawave IP Group Price Performance

The firm has a market cap of £1.69 billion, a PE ratio of -21.09, a P/E/G ratio of 0.44 and a beta of 0.89. The business's fifty day moving average is GBX 133.69 and its 200-day moving average is GBX 124.60. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51.

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.