Shares of Alphawave IP Group plc (LON:AWE - Get Free Report) shot up 14.9% during trading on Tuesday . The stock traded as high as GBX 144.20 ($1.78) and last traded at GBX 143.20 ($1.77). 3,649,579 shares were traded during mid-day trading, a decline of 33% from the average session volume of 5,461,295 shares. The stock had previously closed at GBX 124.60 ($1.54).

The stock's 50 day simple moving average is GBX 113.57 and its two-hundred day simple moving average is GBX 123.54. The stock has a market capitalization of £1.06 billion, a PE ratio of -1,597.78, a PEG ratio of 0.44 and a beta of 0.89. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51.

In other news, insider John Lofton Holt acquired 415,416 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was bought at an average price of GBX 23 ($0.28) per share, with a total value of £95,545.68 ($117,797.66). 43.96% of the stock is owned by company insiders.

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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