Altitude Group (LON:ALT) Stock Price Down 10.2% – Here’s Why

Altitude Group plc (LON:ALT) traded down 10.2% on Thursday . The company traded as low as GBX 21.99 and last traded at GBX 22. 194,622 shares traded hands during mid-day trading, an increase of 103% from the average session volume of 95,835 shares. The stock had previously closed at GBX 24.50.

Altitude Group Stock Performance

The stock has a market cap of £16.10 million, a PE ratio of 28.95 and a beta of 0.64. The stock has a fifty day simple moving average of GBX 22.50 and a two-hundred day simple moving average of GBX 22.49. The company has a debt-to-equity ratio of 28.96, a quick ratio of 2.36 and a current ratio of 1.50.

Insider Buying and Selling

In related news, insider Alexander Brennan purchased 52,840 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was purchased at an average price of GBX 23 per share, for a total transaction of £12,153.20. Also, insider Bob Wigley purchased 100,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was bought at an average price of GBX 26 per share, with a total value of £26,000. In the last 90 days, insiders acquired 252,840 shares of company stock valued at $6,115,320. 38.20% of the stock is 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.