Altitude Group (LON:ALT) Reaches New 52-Week Low – Should You Sell?

Shares of Altitude Group plc (LON:ALT) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 18 and last traded at GBX 20, with a volume of 215955 shares. The stock had previously closed at GBX 19.

Altitude Group Price Performance

The company has a current ratio of 1.50, a quick ratio of 2.36 and a debt-to-equity ratio of 28.96. The stock has a market capitalization of £13.58 million, a P/E ratio of 24.41 and a beta of 0.57. The stock has a 50 day moving average of GBX 20.96 and a 200-day moving average of GBX 21.50.

Insider Buying and Selling

In other Altitude Group news, insider Alexander Brennan purchased 52,840 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average cost of GBX 23 per share, with a total value of £12,153.20. Also, insider Bob Wigley purchased 100,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were acquired at an average cost of GBX 26 per share, with a total value of £26,000. Insiders have purchased a total of 252,840 shares of company stock valued at $6,115,320 over the last three months. 38.20% of the stock is owned by corporate 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.