Altitude Group (LON:ALT) Trading Down 16.2% – Here’s What Happened

Altitude Group plc (LON:ALTGet Free Report) traded down 16.2% during trading on Tuesday . The company traded as low as GBX 19 and last traded at GBX 19.60. 245,637 shares changed hands during mid-day trading, an increase of 258% from the average session volume of 68,675 shares. The stock had previously closed at GBX 23.40.

Altitude Group Stock Performance

The company has a current ratio of 1.99, a quick ratio of 2.36 and a debt-to-equity ratio of 3.59. The firm has a 50-day simple moving average of GBX 25.55 and a two-hundred day simple moving average of GBX 23.15. The company has a market capitalization of £15.27 million, a price-to-earnings ratio of 12.93 and a beta of 1.25.

Insider Activity at Altitude Group

In other news, insider Martin Roy Varley acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were purchased at an average price of GBX 27 per share, for a total transaction of £13,500. Also, insider Alexander Brennan acquired 60,606 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were acquired at an average cost of £2,475 per share, for a total transaction of £149,999,850. In the last three months, insiders purchased 394,201 shares of company stock valued at $15,007,754,700. 37.96% of the stock is currently owned by company insiders.

About Altitude Group

(Get Free Report)

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.

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