Altitude Group (LON:ALT) Sets New 52-Week Low – Time to Sell?

Altitude Group plc (LON:ALT)’s share price hit a new 52-week low during trading on Wednesday. The stock traded as low as GBX 18 and last traded at GBX 18, with a volume of 93 shares traded. The stock had previously closed at GBX 19.

Altitude Group Trading Down 5.3%

The company has a 50 day simple moving average of GBX 20.41 and a two-hundred day simple moving average of GBX 22.13. The company has a market cap of £13.20 million, a PE ratio of -54.55 and a beta of 0.59. The company has a debt-to-equity ratio of 8.14, a quick ratio of 2.36 and a current ratio of 1.43.

Insider Activity at Altitude Group

In related news, insider Richard Sowerby purchased 14,500 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average cost of GBX 23 per share, with a total value of £3,335. 36.49% of the stock is currently owned by corporate 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.