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

Altitude Group plc (LON:ALT)’s share price hit 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. The stock had previously closed at GBX 18.68.

Altitude Group Stock Performance

The company has a debt-to-equity ratio of 28.96, a current ratio of 1.50 and a quick ratio of 2.36. The stock has a market capitalization of £13.35 million, a PE ratio of 24.01 and a beta of 0.64. The stock has a 50 day moving average of GBX 21.59 and a two-hundred day moving average of GBX 21.82.

Insider Buying and Selling

In related news, insider Bob Wigley acquired 100,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average price of GBX 26 per share, with a total value of £26,000. Also, insider Alexander Brennan bought 52,840 shares of the stock in a transaction on Thursday, March 5th. The shares were bought at an average price of GBX 23 per share, for a total transaction of £12,153.20. Over the last 90 days, insiders purchased 252,840 shares of company stock worth $6,115,320. Company insiders own 38.20% of the company’s stock.

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.