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

Altitude Group plc (LON:ALT)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 20 ($0.27) and last traded at GBX 20.60 ($0.28), with a volume of 24329 shares changing hands. The stock had previously closed at GBX 20.50 ($0.28).

Altitude Group Stock Performance

The company has a market cap of £14.99 million, a P/E ratio of 22.04 and a beta of 1.25. The company’s fifty day moving average is GBX 22.22 and its 200 day moving average is GBX 24.68. The company has a current ratio of 1.99, a quick ratio of 2.36 and a debt-to-equity ratio of 3.59.

Insider Activity

In related news, insider Graham Feltham sold 189,173 shares of Altitude Group stock in a transaction on Thursday, May 8th. The shares were sold at an average price of GBX 20 ($0.27), for a total value of £37,834.60 ($51,273.34). Also, insider Nichole Stella purchased 50,000 shares of the company’s stock in a transaction on Monday, March 31st. The shares were purchased at an average cost of GBX 26 ($0.35) per share, with a total value of £13,000 ($17,617.56). Over the last three months, insiders have sold 444,443 shares of company stock valued at $207,370,460. 56.49% of the stock is currently owned by 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.