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

Alphawave IP Group plc (LON:AWE)’s stock price shot up 43.2% during mid-day trading on Wednesday . The company traded as high as GBX 143 ($1.85) and last traded at GBX 133.89 ($1.73). 25,336,668 shares changed hands during trading, an increase of 568% from the average session volume of 3,791,993 shares. The stock had previously closed at GBX 93.50 ($1.21).

Alphawave IP Group Stock Performance

The stock has a market cap of £1.26 billion, a P/E ratio of -15.66, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. 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 stock has a 50 day simple moving average of GBX 126.48 and a 200 day simple moving average of GBX 117.53.

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.