Alphawave IP Group plc (LON:AWE – Get Free Report) shares shot up 46.1% on Tuesday . The company traded as high as GBX 143 ($1.85) and last traded at GBX 136.60 ($1.76). 37,769,906 shares traded hands during trading, an increase of 848% from the average session volume of 3,986,262 shares. The stock had previously closed at GBX 93.50 ($1.21).
Alphawave IP Group Stock Performance
The firm has a market cap of £1.25 billion, a price-to-earnings ratio of -15.57, a PEG ratio of 0.44 and a beta of 0.89. 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 company has a 50 day moving average of GBX 126.67 and a 200 day moving average of GBX 117.49.
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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