Altitude Group (LON:ALT) Stock Price Down 9.2% – Here’s Why

Altitude Group plc (LON:ALT)’s stock price dropped 9.2% during mid-day trading on Tuesday . The company traded as low as GBX 23 and last traded at GBX 23. 312,492 shares traded hands during trading, an increase of 239% from the average daily volume of 92,181 shares. The stock had previously closed at GBX 25.32.

Altitude Group Trading Down 9.2%

The company has a debt-to-equity ratio of 21.51, a quick ratio of 2.36 and a current ratio of 1.50. The firm has a market cap of £16.82 million, a P/E ratio of 30.26 and a beta of 0.59. The firm has a 50 day simple moving average of GBX 24.14 and a 200 day simple moving average of GBX 22.61.

Insider Activity at Altitude Group

In other news, insider Martin Roy Varley acquired 52,328 shares of Altitude Group stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average price of GBX 20 per share, with a total value of £10,465.60. Insiders have purchased 98,452 shares of company stock valued at $2,001,288 in the last three months. 39.11% of the stock is currently owned by company insiders.

Altitude Group Company Profile

Altitude Group plc engages in the ownership and development of technology solutions and services in North America, the United Kingdom, and Europe. The company offers patented technology platform to its network with a built-in supply chain, as well as combines an e-commerce trading platform with a cloud-based CRM and order management system for business intelligence requirements; e-commerce web solutions with in-built patented online designer and pre-loaded product databases; patented online design solutions; and virtual sample services that allow personalized design on a product with imprint technique.