Altitude Group (LON:ALT) Trading 18.1% Higher – Here’s Why

Shares of Altitude Group plc (LON:ALT) rose 18.1% during trading on Thursday . The stock traded as high as GBX 25.98 and last traded at GBX 25.98. Approximately 244,988 shares traded hands during trading, an increase of 235% from the average daily volume of 73,188 shares. The stock had previously closed at GBX 22.

Altitude Group Stock Up 13.6%

The firm has a 50-day moving average of GBX 21.53 and a two-hundred day moving average of GBX 22.63. The company has a quick ratio of 2.36, a current ratio of 1.99 and a debt-to-equity ratio of 3.59. The company has a market capitalization of £18.29 million, a PE ratio of 32.89 and a beta of 1.25.

Insider Transactions at Altitude Group

In other Altitude Group news, insider Martin Roy Varley purchased 30,000 shares of the stock in a transaction dated Friday, November 28th. The stock was acquired at an average cost of GBX 22 per share, for a total transaction of £6,600. Also, insider Deborah Wilkinson sold 99,500 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of GBX 20, for a total value of £19,900. In the last ninety days, insiders acquired 98,672 shares of company stock worth $2,150,106. 38.20% of the stock is currently owned by company 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.