Altitude Group (LON:ALT) Trading Down 9.2% – Here’s What Happened

Altitude Group plc (LON:ALT)’s stock price dropped 9.2% during trading on Tuesday . The stock traded as low as GBX 23 and last traded at GBX 23. Approximately 312,492 shares traded hands during mid-day trading, an increase of 239% from the average session volume of 92,181 shares. The stock had previously closed at GBX 25.32.

Altitude Group Stock Performance

The firm has a market capitalization of £16.82 million, a P/E ratio of 30.26 and a beta of 0.59. The company has a 50-day simple moving average of GBX 24.14 and a two-hundred day simple moving average of GBX 22.61. The company has a debt-to-equity ratio of 21.51, a quick ratio of 2.36 and a current ratio of 1.50.

Insider Buying and Selling

In other Altitude Group news, insider Martin Roy Varley bought 52,328 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of GBX 20 per share, for a total transaction of £10,465.60. Insiders acquired a total of 98,452 shares of company stock worth $2,001,288 over the last ninety days. Company insiders own 39.11% 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.