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

Altitude Group plc (LON:ALT)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 22.41 ($0.29) and last traded at GBX 22.41 ($0.29), with a volume of 4487 shares. The stock had previously closed at GBX 23 ($0.30).

Altitude Group Stock Down 3.9 %

The company’s 50-day moving average is GBX 25.13 and its 200 day moving average is GBX 28.58. The company has a debt-to-equity ratio of 3.59, a quick ratio of 2.36 and a current ratio of 1.99. The company has a market capitalization of £16.08 million, a PE ratio of 23.66 and a beta of 1.25.

Insider Activity at Altitude Group

In other news, insider Graham Feltham purchased 30,364 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of GBX 25 ($0.33) per share, for a total transaction of £7,591 ($9,875.11). Also, insider Deborah Wilkinson bought 26,750 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of GBX 26 ($0.34) per share, for a total transaction of £6,955 ($9,047.74). 56.49% of the stock is currently owned by 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.