Altitude Group (LON:ALT) Sets New 52-Week Low – Here’s Why

Altitude Group plc (LON:ALT)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as GBX 18 and last traded at GBX 19.10, with a volume of 154,615 shares traded. The stock had previously closed at GBX 19.50.

Altitude Group Trading Down 2.1%

The company has a current ratio of 1.43, a quick ratio of 2.36 and a debt-to-equity ratio of 8.14. The firm has a market capitalization of £13.95 million, a P/E ratio of -57.88 and a beta of 0.59. The firm has a 50-day moving average of GBX 20.84 and a two-hundred day moving average of GBX 22.21.

Insider Buying and Selling

In related news, insider Richard Sowerby bought 14,500 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was purchased at an average price of GBX 23 per share, with a total value of £3,335. Insiders own 36.49% 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.