Altitude Group (LON:ALT) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Altitude Group plc (LON:ALT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 22.79 and traded as high as GBX 24.30. Altitude Group shares last traded at GBX 23.25, with a volume of 364,848 shares trading hands.

Altitude Group Stock Down 4.7%

The firm’s 50 day moving average is GBX 21.75 and its 200-day moving average is GBX 22.79. The firm has a market cap of £17.01 million, a PE ratio of 30.59 and a beta of 1.25. The company has a quick ratio of 2.36, a current ratio of 1.99 and a debt-to-equity ratio of 3.59.

Insider Transactions at Altitude Group

In other Altitude Group news, insider Alexander Brennan bought 23,675 shares of the company’s stock in a transaction that occurred on Monday, January 19th. The stock was purchased at an average cost of GBX 21 per share, for a total transaction of £4,971.75. Also, insider Martin Roy Varley purchased 30,000 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was acquired at an average cost of GBX 22 per share, for a total transaction of £6,600. Insiders have acquired 98,672 shares of company stock worth $2,150,106 over the last quarter. 38.20% 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.