Alphawave IP Group (LON:AWE) Shares Up 20.7% – Here’s Why

Shares of Alphawave IP Group plc (LON:AWE) traded up 20.7% during trading on Monday . The stock traded as high as GBX 187.90 ($2.55) and last traded at GBX 180.05 ($2.44). 50,946,406 shares changed hands during mid-day trading, an increase of 1,327% from the average session volume of 3,570,038 shares. The stock had previously closed at GBX 149.20 ($2.02).

Alphawave IP Group Price Performance

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 business’s 50-day moving average is GBX 130.33 and its two-hundred day moving average is GBX 123.55. The company has a market capitalization of £1.68 billion, a P/E ratio of -20.94, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

Alphawave IP Group Company Profile

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.