Alphawave IP Group (LON:AWE) Trading 6.3% Higher

Alphawave IP Group plc (LON:AWE) shares rose 6.3% on Tuesday . The company traded as high as GBX 152 ($1.94) and last traded at GBX 152 ($1.94). Approximately 2,287,308 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 1,903,675 shares. The stock had previously closed at GBX 143 ($1.82).

Alphawave IP Group Trading Up 6.3 %

The firm has a market capitalization of £1.11 billion, a P/E ratio of -2,533.33, a price-to-earnings-growth ratio of 0.44 and a beta of 0.92. The stock’s 50-day simple moving average is GBX 133.88 and its two-hundred day simple moving average is GBX 138.64. The company has a debt-to-equity ratio of 50.60, a current ratio of 2.20 and a quick ratio of 15.51.

About Alphawave IP Group

Alphawave IP Group plc develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the United Kingdom. The company offers silicon IP solutions, chiplets, custom silicon, and connectivity products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.