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

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

Altitude Group Price Performance

The company’s fifty day moving average price is GBX 21.36 and its 200 day moving average price is GBX 21.70. The company has a market capitalization of £13.33 million, a P/E ratio of 23.97 and a beta of 0.64. The company has a quick ratio of 2.36, a current ratio of 1.50 and a debt-to-equity ratio of 28.96.

Insider Buying and Selling

In related news, insider Bob Wigley acquired 100,000 shares of the stock in a transaction on Friday, April 10th. The shares were purchased at an average price of GBX 26 per share, for a total transaction of £26,000. Also, insider Alexander Brennan acquired 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. Insiders have purchased 252,840 shares of company stock worth $6,115,320 in the last three months. 38.20% of the stock is currently owned by company insiders.

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.