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

Alphawave IP Group plc (LON:AWE – Get Free Report)’s share price traded up 43.2% during trading on Tuesday . The stock traded as high as GBX 143 ($1.87) and last traded at GBX 133.89 ($1.75). 25,336,668 shares changed hands during mid-day trading, an increase of 568% from the average session 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 has a current ratio of 0.62, a quick ratio of 15.51 and a debt-to-equity ratio of 53.89. The firm has a market cap of £1.28 billion, a PE ratio of -15.91, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The company has a 50-day simple moving average of GBX 126.02 and a 200 day simple moving average of GBX 117.62.

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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