Alphawave IP Group (LON:AWE) Stock Price Up 43.2% – Here’s Why

by · The Cerbat Gem

Shares of Alphawave IP Group plc (LON:AWE – Get Free Report) were up 43.2% on Tuesday . The company traded as high as GBX 143 ($1.87) and last traded at GBX 133.89 ($1.75). Approximately 25,336,668 shares changed hands during trading, an increase of 568% from the average daily volume of 3,791,993 shares. The stock had previously closed at GBX 93.50 ($1.23).

Alphawave IP Group Trading Down 0.6 %

The company’s fifty day moving average is GBX 126.02 and its two-hundred day moving average is GBX 117.62. 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 stock has a market cap of £1.28 billion, a price-to-earnings ratio of -15.91, a PEG ratio of 0.44 and a beta of 0.89.

About Alphawave IP Group

(Get Free Report)

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.

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