Alphawave IP Group (LON:AWE) Trading Up 25.8% - Here's What Happened

Shares of Alphawave IP Group plc (LON:AWE - Get Free Report) traded up 25.8% on Monday . The stock traded as high as GBX 187.90 ($2.55) and last traded at GBX 187.71 ($2.54). 167,983,188 shares changed hands during mid-day trading, an increase of 3,517% from the average session volume of 4,643,771 shares. The stock had previously closed at GBX 149.20 ($2.02).

Alphawave IP Group Stock Up 0.6%

The company's 50-day simple moving average is GBX 133.69 and its two-hundred day simple moving average is GBX 124.60. The firm 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.

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.