Alphawave IP Group (LON:AWE) Shares Up 9% - Here's Why

Alphawave IP Group plc (LON:AWE - Get Free Report)'s share price shot up 9% during mid-day trading on Wednesday . The stock traded as high as GBX 124.40 ($1.65) and last traded at GBX 121.23 ($1.61). 3,447,692 shares changed hands during trading, a decline of 1% from the average session volume of 3,500,029 shares. The stock had previously closed at GBX 111.20 ($1.48).

Alphawave IP Group Stock Down 4.0 %

The firm's 50 day moving average is GBX 115.87 and its 200-day moving average is 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. The firm has a market cap of £1.18 billion, a PE ratio of -14.67, a P/E/G ratio of 0.44 and a beta of 0.89.

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.