Shares of Alphawave IP Group plc (LON:AWE – Get Free Report) rose 43.2% during trading on Tuesday . The company traded as high as GBX 143 ($1.85) and last traded at GBX 133.89 ($1.73). Approximately 25,301,645 shares changed hands during mid-day trading, an increase of 567% from the average daily volume of 3,791,446 shares. The stock had previously closed at GBX 93.50 ($1.21).
Alphawave IP Group Price Performance
The stock has a market capitalization of £1.25 billion, a P/E ratio of -15.57, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The business’s 50 day moving average price is GBX 126.67 and its 200 day moving average price is GBX 117.49. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51.
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.
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