Altitude Group (LON:ALT) Reaches New 52-Week Low – Should You Sell?

Altitude Group plc (LON:ALT) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 18 and last traded at GBX 20, with a volume of 215955 shares. The stock had previously closed at GBX 19.

Altitude Group Trading Up 5.3%

The firm has a 50 day simple moving average of GBX 21.10 and a 200 day simple moving average of GBX 21.57. The company has a debt-to-equity ratio of 28.96, a quick ratio of 2.36 and a current ratio of 1.50. The firm has a market cap of £14.63 million, a P/E ratio of 26.32 and a beta of 0.57.

Insider Activity

In other news, insider Bob Wigley acquired 100,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average cost of GBX 26 per share, with a total value of £26,000. Also, insider Alexander Brennan acquired 52,840 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average cost of GBX 23 per share, for a total transaction of £12,153.20. In the last ninety days, insiders acquired 252,840 shares of company stock worth $6,115,320. Insiders own 38.20% of the company’s stock.

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.