Altitude Group (LON:ALT) Reaches New 52-Week Low – Here’s What Happened

Shares of Altitude Group plc (LON:ALT) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 18 and last traded at GBX 18.25, with a volume of 10563 shares changing hands. The stock had previously closed at GBX 18.68.

Altitude Group Stock Performance

The stock’s 50-day moving average price is GBX 21.59 and its 200-day moving average price is GBX 21.82. The company has a debt-to-equity ratio of 28.96, a quick ratio of 2.36 and a current ratio of 1.50. The company has a market capitalization of £13.35 million, a price-to-earnings ratio of 24.01 and a beta of 0.64.

Insider Activity

In other Altitude Group news, insider Bob Wigley purchased 100,000 shares of Altitude Group stock in a transaction on Friday, April 10th. The shares were bought at an average price of GBX 26 per share, with a total value of £26,000. Also, insider Alexander Brennan purchased 52,840 shares of Altitude Group stock in a transaction on Thursday, March 5th. The stock was acquired at an average cost of GBX 23 per share, for a total transaction of £12,153.20. Insiders acquired 252,840 shares of company stock worth $6,115,320 in the last ninety days. Insiders own 38.20% of the company’s stock.

About Altitude Group

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.