Alphawave IP Group (LON:AWE) Trading Up 20.7% - Time to Buy?

Alphawave IP Group plc (LON:AWE - Get Free Report)'s stock price rose 20.7% on Tuesday . The company traded as high as GBX 187.90 ($2.55) and last traded at GBX 180.05 ($2.44). Approximately 50,946,406 shares traded hands during mid-day trading, an increase of 1,327% from the average daily volume of 3,570,038 shares. The stock had previously closed at GBX 149.20 ($2.02).

Alphawave IP Group Stock Down 1.4%

The company's 50-day moving average is GBX 135.80 and its 200 day moving average is GBX 125.27. The company has a market capitalization of £1.67 billion, a PE ratio of -20.80, a P/E/G 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.