Shares of Alphawave IP Group plc (LON:AWE – Get Free Report) shot up 7.1% on Wednesday . The stock traded as high as GBX 115.40 ($1.55) and last traded at GBX 115.40 ($1.55). 3,492,421 shares changed hands during mid-day trading, an increase of 101% from the average session volume of 1,740,967 shares. The stock had previously closed at GBX 107.80 ($1.44).
Alphawave IP Group Stock Performance
The firm has a market capitalization of £812.11 million, a PE ratio of -1,246.67, a price-to-earnings-growth ratio of 0.44 and a beta of 0.91. The company has a debt-to-equity ratio of 53.89, a quick ratio of 15.51 and a current ratio of 0.62. The business’s fifty day simple moving average is GBX 137.60 and its 200-day simple moving average is GBX 142.25.
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.
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